America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.51 and traded as high as $48.38. America's Car-Mart shares last traded at $47.79, with a volume of 64,391 shares traded.
Wall Street Analyst Weigh In
A number of analysts have commented on the company. StockNews.com raised America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Stephens raised America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd.
Check Out Our Latest Stock Report on CRMT
America's Car-Mart Stock Performance
The stock has a 50 day simple moving average of $46.66 and a two-hundred day simple moving average of $46.34. The firm has a market cap of $393.19 million, a PE ratio of -58.04, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.38. The business had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. Equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.
Insider Buying and Selling at America's Car-Mart
In other America's Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares in the company, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 19.60% of the company's stock.
Hedge Funds Weigh In On America's Car-Mart
Several institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its stake in shares of America's Car-Mart by 16.1% in the 4th quarter. Squarepoint Ops LLC now owns 15,510 shares of the company's stock valued at $795,000 after purchasing an additional 2,148 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of America's Car-Mart in the 4th quarter valued at about $6,604,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of America's Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock valued at $208,000 after purchasing an additional 965 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of America's Car-Mart in the 4th quarter valued at about $383,000. Finally, Forest Hill Capital LLC increased its stake in shares of America's Car-Mart by 7.9% in the 4th quarter. Forest Hill Capital LLC now owns 26,976 shares of the company's stock valued at $1,383,000 after purchasing an additional 1,976 shares in the last quarter. Hedge funds and other institutional investors 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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