America's Car-Mart (NASDAQ:CRMT) Share Price Passes Above 200-Day Moving Average - What's Next?

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) shares 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 changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded America's Car-Mart from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.

America's Car-Mart Stock Up 0.1%

The company has a 50-day moving average price of $53.74 and a two-hundred day moving average price of $49.40. The stock has a market capitalization of $429.85 million, a P/E ratio of 24.90 and a beta of 1.35.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.39. The company had revenue of $370.17 million for the quarter, compared to analysts' expectations of $369.77 million. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. America's Car-Mart's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, sell-side analysts expect that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Insider Transactions at America's Car-Mart

In other America's Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total value of $5,008,080.00. Following the completion of the sale, the insider owned 1,428,094 shares of the company's stock, valued at $81,272,829.54. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 154,269 shares of company stock valued at $8,689,460 over the last ninety days. 19.60% of the stock is owned by corporate insiders.

Institutional Trading of America's Car-Mart

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Kize Capital LP purchased a new stake in America's Car-Mart in the fourth quarter worth approximately $11,043,000. SG Capital Management LLC purchased a new stake in shares of America's Car-Mart during the fourth quarter valued at approximately $6,604,000. Nantahala Capital Management LLC boosted its stake in shares of America's Car-Mart by 18.4% during the first quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company's stock valued at $29,262,000 after purchasing an additional 100,000 shares during the period. Divisadero Street Capital Management LP raised its holdings in America's Car-Mart by 1,050.7% during the 4th quarter. Divisadero Street Capital Management LP now owns 58,687 shares of the company's stock valued at $3,008,000 after buying an additional 53,587 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in America's Car-Mart by 26.5% during the 4th quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock valued at $9,116,000 after buying an additional 37,222 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

About America's Car-Mart

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.