America’s Car-Mart, Inc. (NASDAQ:CRMT) CFO Vickie D. Judy sold 2,500 shares of the stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $66.17, for a total transaction of $165,425.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NASDAQ CRMT opened at $65.15 on Friday. The firm has a market capitalization of $461.63 million, a price-to-earnings ratio of 22.04 and a beta of 0.91. America’s Car-Mart, Inc. has a 12-month low of $33.05 and a 12-month high of $68.20.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, May 21st. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.45. The business had revenue of $169.45 million during the quarter, compared to analysts’ expectations of $158.22 million. America’s Car-Mart had a net margin of 5.97% and a return on equity of 11.86%. sell-side analysts expect that America’s Car-Mart, Inc. will post 4.59 EPS for the current year.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research report on Friday, May 25th. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Janney Montgomery Scott increased their target price on shares of America’s Car-Mart from $53.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, May 23rd. Finally, ValuEngine raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.75.
Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in shares of America’s Car-Mart in the fourth quarter worth $160,000. Brandywine Global Investment Management LLC raised its holdings in shares of America’s Car-Mart by 27.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock worth $235,000 after buying an additional 1,119 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in shares of America’s Car-Mart in the first quarter worth $245,000. Victory Capital Management Inc. purchased a new position in shares of America’s Car-Mart in the first quarter worth $304,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of America’s Car-Mart by 73.1% in the first quarter. JPMorgan Chase & Co. now owns 8,162 shares of the company’s stock worth $412,000 after buying an additional 3,447 shares during the last quarter. 75.10% of the stock is owned by institutional investors and hedge funds.
About America’s Car-Mart
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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