Ray C. Dillon Purchases 1,000 Shares of America’s Car-Mart, Inc. (CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Ray C. Dillon acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were acquired at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at $201,125. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ CRMT opened at $78.65 on Thursday. The company has a market capitalization of $543.09 million, a PE ratio of 26.21, a PEG ratio of 0.76 and a beta of 1.04. America’s Car-Mart, Inc. has a 52-week low of $40.15 and a 52-week high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 16th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.38. The firm had revenue of $164.02 million for the quarter, compared to the consensus estimate of $161.39 million. America’s Car-Mart had a net margin of 6.42% and a return on equity of 13.53%. research analysts forecast that America’s Car-Mart, Inc. will post 5.34 EPS for the current year.

CRMT has been the topic of several research reports. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 21st. TheStreet raised shares of America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. Jefferies Financial Group reissued a “hold” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research note on Friday, August 17th. Stephens set a $84.00 price objective on shares of America’s Car-Mart and gave the stock a “hold” rating in a research note on Monday, August 20th. Finally, Janney Montgomery Scott raised shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $61.00 to $96.00 in a research note on Monday, August 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $86.20.

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Global Investments bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $631,000. BlackRock Inc. lifted its stake in shares of America’s Car-Mart by 1.1% in the first quarter. BlackRock Inc. now owns 518,390 shares of the company’s stock worth $26,152,000 after buying an additional 5,526 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $297,000. Credit Agricole S A bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $372,000. Finally, Citadel Advisors LLC bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $990,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.

America’s Car-Mart Company Profile

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?

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

Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply