America's Car-Mart, Inc. (NASDAQ:CRMT) Director Jonathan Z. Buba Acquires 75,000 Shares

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) Director Jonathan Z. Buba purchased 75,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now directly owns 619,686 shares of the company's stock, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

America's Car-Mart Stock Performance

Shares of NASDAQ CRMT traded up $0.97 during mid-day trading on Friday, reaching $46.23. The company's stock had a trading volume of 88,217 shares, compared to its average volume of 99,205. The stock has a 50-day moving average of $46.62 and a two-hundred day moving average of $46.70. The stock has a market capitalization of $381.54 million, a P/E ratio of -56.38, a P/E/G ratio of 1.41 and a beta of 1.71. America's Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.38. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business had revenue of $325.73 million during the quarter, compared to analysts' expectations of $282.83 million. Analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

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Analysts Set New Price Targets

CRMT has been the topic of a number of recent analyst reports. Stephens raised shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, March 7th.

Institutional Investors Weigh In On America's Car-Mart

A number of hedge funds have recently modified their holdings of CRMT. R Squared Ltd purchased a new stake in shares of America's Car-Mart in the fourth quarter valued at about $28,000. Point72 DIFC Ltd purchased a new stake in shares of America's Car-Mart in the third quarter valued at about $40,000. Point72 Asset Management L.P. grew its holdings in shares of America's Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company's stock valued at $80,000 after purchasing an additional 1,414 shares during the period. Quantbot Technologies LP purchased a new stake in shares of America's Car-Mart in the fourth quarter valued at about $117,000. Finally, Aquatic Capital Management LLC grew its holdings in shares of America's Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after purchasing an additional 1,995 shares during the period. Hedge funds and other institutional investors own 89.10% of the company's stock.

About America's Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.