America’s Car-Mart downgraded to Equal Weight from Overweight at Stephens

Stephens analyst Vincent Caintic downgraded America’s Car-Mart to Equal Weight from Overweight. While Stephens continues to like Car-Mart’s long-term story, there are a number of moving pieces that ultimately results in near-term sales likely being flattish, with headwinds including macro headwinds to the consumer and projects to improve Car-Mart’s operational efficiency that will benefit long term but likely take away some focus on sales operations near-term, the analyst tells investors in a research note.