America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.23 and traded as high as $55.63. America's Car-Mart shares last traded at $54.12, with a volume of 58,370 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of America's Car-Mart from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.
View Our Latest Research Report on America's Car-Mart
America's Car-Mart Stock Down 5.9%
The stock has a market capitalization of $434.89 million, a price-to-earnings ratio of 25.20 and a beta of 1.35. The company's 50-day moving average is $53.72 and its 200-day moving average is $49.35.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.39. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The business had revenue of $370.17 million during the quarter, compared to analysts' expectations of $369.77 million. During the same period last year, the business earned $0.06 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that America's Car-Mart, Inc. will post 0.86 EPS for the current year.
Insider Buying and Selling at America's Car-Mart
In other America's Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of America's Car-Mart stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the completion of the sale, the insider directly owned 1,428,094 shares in the company, valued at $81,272,829.54. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 154,269 shares of company stock worth $8,689,460 in the last ninety days. 19.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On America's Car-Mart
A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in shares of America's Car-Mart by 2.2% in the first quarter. Rhumbline Advisers now owns 10,464 shares of the company's stock valued at $475,000 after purchasing an additional 229 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of America's Car-Mart by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock valued at $196,000 after purchasing an additional 255 shares in the last quarter. Albert D Mason Inc. grew its holdings in shares of America's Car-Mart by 5.0% in the first quarter. Albert D Mason Inc. now owns 8,964 shares of the company's stock valued at $407,000 after purchasing an additional 425 shares in the last quarter. Corebridge Financial Inc. grew its holdings in shares of America's Car-Mart by 17.8% in the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock valued at $183,000 after purchasing an additional 539 shares in the last quarter. Finally, Argent Capital Management LLC grew its holdings in shares of America's Car-Mart by 5.5% in the second quarter. Argent Capital Management LLC now owns 10,965 shares of the company's stock valued at $614,000 after purchasing an additional 574 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.
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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