Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One stock to keep an eye on is America's CarMart (CRMT Quick QuoteCRMT - Free Report) . CRMT is currently sporting a Zacks Rank #2 (Buy), as well as an A grade for Value.

Investors should also note that CRMT holds a PEG ratio of 0.35. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. CRMT's PEG compares to its industry's average PEG of 0.79. Over the last 12 months, CRMT's PEG has been as high as 0.76 and as low as 0.32, with a median of 0.47.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CRMT has a P/S ratio of 0.25. This compares to its industry's average P/S of 0.26.

These are just a handful of the figures considered in America's CarMart's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that CRMT is an impressive value stock right now.