William H. Henderson Sells 6,250 Shares of America’s Car-Mart, Inc. (CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $37.60, for a total transaction of $235,000.00. Following the transaction, the chief executive officer now owns 93,440 shares of the company’s stock, valued at approximately $3,513,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

America’s Car-Mart, Inc. (NASDAQ CRMT) traded down 1.90% during trading on Wednesday, reaching $38.65. 152,771 shares of the company’s stock traded hands. The firm has a market capitalization of $291.46 million, a PE ratio of 15.42 and a beta of 0.95. The company has a 50-day moving average price of $38.21 and a 200 day moving average price of $36.64. America’s Car-Mart, Inc. has a one year low of $30.20 and a one year high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.72%. The company had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $153.05 million. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts anticipate that America’s Car-Mart, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Magnolia Group LLC boosted its stake in America’s Car-Mart by 84.1% during the 2nd quarter. Magnolia Group LLC now owns 826,885 shares of the company’s stock worth $32,166,000 after purchasing an additional 377,841 shares during the last quarter. Bares Capital Management Inc. boosted its stake in America’s Car-Mart by 2.1% during the 1st quarter. Bares Capital Management Inc. now owns 809,578 shares of the company’s stock worth $29,509,000 after purchasing an additional 16,745 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in America’s Car-Mart by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 570,077 shares of the company’s stock worth $22,176,000 after purchasing an additional 19,794 shares during the last quarter. Vanguard Group Inc. boosted its stake in America’s Car-Mart by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after purchasing an additional 20,317 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in America’s Car-Mart by 21.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock worth $11,392,000 after purchasing an additional 51,481 shares during the last quarter. 87.14% of the stock is currently owned by institutional investors.

CRMT has been the subject of a number of research reports. Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of America’s Car-Mart in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, May 25th. Finally, Stephens initiated coverage on shares of America’s Car-Mart in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.67.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer 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 (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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