America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.48 and traded as high as $51.94. America's Car-Mart shares last traded at $49.27, with a volume of 88,397 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised America's Car-Mart from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 12th.
Read Our Latest Analysis on America's Car-Mart
America's Car-Mart Stock Performance
The company has a 50-day simple moving average of $53.70 and a two-hundred day simple moving average of $49.48. The firm has a market capitalization of $376.41 million, a P/E ratio of 21.80 and a beta of 1.35.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its 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 analyst estimates of $369.77 million. During the same period in the previous year, the business earned $0.06 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.
Insider Transactions at America's Car-Mart
In other news, major shareholder Adam K. Peterson sold 88,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider directly owned 1,428,094 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Insiders have 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 company insiders.
Hedge Funds Weigh In On America's Car-Mart
Institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC raised its position in shares of America's Car-Mart by 18.4% in the first quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company's stock worth $29,262,000 after acquiring an additional 100,000 shares during the period. Vanguard Group Inc. boosted its holdings in America's Car-Mart by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 440,347 shares of the company's stock valued at $19,987,000 after purchasing an additional 13,895 shares in the last quarter. Kize Capital LP lifted its position in shares of America's Car-Mart by 34.5% during the 1st quarter. Kize Capital LP now owns 289,712 shares of the company's stock valued at $13,150,000 after acquiring an additional 74,240 shares during the period. North Reef Capital Management LP raised its position in shares of America's Car-Mart by 7.9% during the 4th quarter. North Reef Capital Management LP now owns 227,000 shares of the company's stock worth $11,634,000 after purchasing an additional 16,593 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in America's Car-Mart by 11.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company's stock worth $8,890,000 after acquiring an additional 19,389 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.
America's Car-Mart Company Profile
(
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.
Further Reading
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