America’s Car-Mart Inc. (NASDAQ:CRMT) CEO William H. Henderson sold 4,024 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $37.00, for a total transaction of $148,888.00. Following the transaction, the chief executive officer now directly owns 77,718 shares of the company’s stock, valued at $2,875,566. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
America’s Car-Mart Inc. (NASDAQ:CRMT) opened at 36.97 on Friday. The company has a 50-day moving average of $37.28 and a 200 day moving average of $29.24. The company has a market capitalization of $289.70 million, a P/E ratio of 22.38 and a beta of 1.08. America’s Car-Mart Inc. has a 12-month low of $19.49 and a 12-month high of $43.07.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 18th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.41. The business earned $145.80 million during the quarter, compared to analysts’ expectations of $154.36 million. America’s Car-Mart had a net margin of 2.47% and a return on equity of 7.45%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Equities research analysts forecast that America’s Car-Mart Inc. will post $2.70 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Counsel Portfolio Services Inc. boosted its position in shares of America’s Car-Mart by 32.1% in the second quarter. Counsel Portfolio Services Inc. now owns 61,658 shares of the company’s stock valued at $1,741,000 after buying an additional 15,000 shares during the period. Franklin Resources Inc. bought a new position in America’s Car-Mart during the second quarter valued at $1,878,000. BlackRock Investment Management LLC boosted its position in America’s Car-Mart by 5.7% in the second quarter. BlackRock Investment Management LLC now owns 35,135 shares of the company’s stock valued at $992,000 after buying an additional 1,888 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in America’s Car-Mart during the second quarter valued at $235,000. Finally, WCM Investment Management CA boosted its position in America’s Car-Mart by 5.0% in the second quarter. WCM Investment Management CA now owns 156,652 shares of the company’s stock valued at $4,424,000 after buying an additional 7,450 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on CRMT. Zacks Investment Research raised shares of America’s Car-Mart from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Jefferies Group raised their price objective on shares of America’s Car-Mart from $22.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, August 22nd. Five research analysts have rated the stock with a hold rating, America’s Car-Mart has an average rating of “Hold” and a consensus target price of $29.00.
America’s Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer in the United States 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, an Arkansas corporation (Car-Mart of Arkansas), and Colonial Auto Finance, Inc, an Arkansas corporation (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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