America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $48.88 and traded as high as $51.80. America's Car-Mart shares last traded at $49.59, with a volume of 56,738 shares changing hands.
Wall Street Analysts Forecast Growth
CRMT has been the topic of several recent research reports. Stephens raised America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. StockNews.com downgraded America's Car-Mart from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.
Read Our Latest Research Report on CRMT
America's Car-Mart Price Performance
The business has a 50-day moving average of $49.51 and a 200-day moving average of $48.66. The firm has a market cap of $365.15 million, a price-to-earnings ratio of -53.97, a P/E/G ratio of 1.41 and a beta of 1.64.
Institutional Trading of America's Car-Mart
A number of hedge funds and other institutional investors have recently modified their holdings of CRMT. R Squared Ltd acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $28,000. Point72 DIFC Ltd acquired a new position in America's Car-Mart during the third quarter worth approximately $40,000. Point72 Asset Management L.P. increased its position in America's Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company's stock worth $80,000 after buying an additional 1,414 shares during the last quarter. Sentry Investment Management LLC acquired a new position in America's Car-Mart during the third quarter worth approximately $113,000. Finally, Quantbot Technologies LP acquired a new position in America's Car-Mart during the fourth quarter worth approximately $117,000. Institutional investors and hedge funds own 89.10% of the company's stock.
About America's Car-Mart
(
Get Free Report)
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.
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