Gremp Jim Von Sells 3,000 Shares of America’s Car-Mart, Inc. (CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Gremp Jim Von sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $92.58, for a total value of $277,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of America’s Car-Mart stock opened at $94.93 on Friday. The company has a market capitalization of $636.65 million, a PE ratio of 26.37, a P/E/G ratio of 0.78 and a beta of 0.90. America’s Car-Mart, Inc. has a 52 week low of $51.30 and a 52 week high of $97.55.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.02 by $0.53. The firm had revenue of $161.05 million during the quarter, compared to the consensus estimate of $163.97 million. America’s Car-Mart had a return on equity of 18.04% and a net margin of 6.53%. As a group, equities research analysts predict that America’s Car-Mart, Inc. will post 6.43 EPS for the current year.

A number of research firms have commented on CRMT. Janney Montgomery Scott reiterated a “buy” rating and issued a $99.00 price target on shares of America’s Car-Mart in a research report on Monday, April 15th. BidaskClub upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Buckingham Research began coverage on America’s Car-Mart in a research report on Thursday, March 28th. They set a “buy” rating and a $103.00 target price on the stock. Bank of America restated a “buy” rating and set a $110.00 target price (up previously from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Finally, Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research report on Friday, February 22nd. Three 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 company. The company presently has an average rating of “Buy” and a consensus price target of $96.67.

Several institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. purchased a new stake in shares of America’s Car-Mart in the first quarter worth approximately $238,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of America’s Car-Mart during the fourth quarter valued at approximately $225,000. Geode Capital Management LLC increased its position in shares of America’s Car-Mart by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 69,973 shares of the company’s stock valued at $5,069,000 after acquiring an additional 692 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of America’s Car-Mart during the fourth quarter valued at approximately $101,000. Finally, Legal & General Group Plc increased its position in shares of America’s Car-Mart by 27.8% during the fourth quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock valued at $79,000 after acquiring an additional 238 shares during the last quarter. 72.27% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/americas-car-mart-inc-crmt-director-sells-277740-00-in-stock.html.

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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

Featured Article: What is the balance sheet?

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.