America’s Car-Mart, Inc. (NASDAQ:CRMT) CEO William H. Henderson sold 6,250 shares of America’s Car-Mart stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the transaction, the chief executive officer now directly owns 93,440 shares in the company, valued at approximately $3,798,336. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of America’s Car-Mart, Inc. (CRMT) opened at 41.75 on Friday. The firm’s 50-day moving average is $39.91 and its 200 day moving average is $37.82. The stock has a market cap of $307.49 million, a P/E ratio of 16.66 and a beta of 0.97. America’s Car-Mart, Inc. has a 52-week low of $30.20 and a 52-week high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The company had revenue of $146.40 million for the quarter, compared to analyst estimates of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. Analysts forecast that America’s Car-Mart, Inc. will post $3.07 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in CRMT. Dynamic Technology Lab Private Ltd purchased a new position in America’s Car-Mart in the 2nd quarter valued at $370,000. Tower Research Capital LLC TRC grew its position in America’s Car-Mart by 3,157.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after buying an additional 3,410 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in America’s Car-Mart by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after buying an additional 112 shares during the last quarter. State Street Corp grew its position in America’s Car-Mart by 5.0% in the 2nd quarter. State Street Corp now owns 144,997 shares of the company’s stock valued at $5,641,000 after buying an additional 6,957 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in America’s Car-Mart in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

CRMT has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of America’s Car-Mart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Stephens initiated coverage on shares of America’s Car-Mart in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, Jefferies Group LLC reissued a “hold” rating and set a $41.00 target price on shares of America’s Car-Mart in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. America’s Car-Mart has a consensus rating of “Hold” and a consensus price target of $41.50.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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