America’s Car-Mart, Inc. (NASDAQ:CRMT) Director William H. Henderson Sells 1,500 Shares

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director William H. Henderson sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $91.34, for a total transaction of $137,010.00. Following the completion of the sale, the director now owns 117,015 shares in the company, valued at $10,688,150.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

CRMT traded up $2.32 on Wednesday, hitting $99.36. 156,989 shares of the company’s stock were exchanged, compared to its average volume of 99,034. The stock has a market cap of $659.13 million, a PE ratio of 27.60, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90. America’s Car-Mart, Inc. has a fifty-two week low of $52.20 and a fifty-two week high of $100.46.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.53. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%. The firm had revenue of $161.05 million for the quarter, compared to analysts’ expectations of $163.97 million. On average, sell-side analysts predict that America’s Car-Mart, Inc. will post 6.43 EPS for the current year.

A number of analysts recently commented on the stock. Janney Montgomery Scott reiterated a “buy” rating and issued a $99.00 target price on shares of America’s Car-Mart in a research note on Monday, April 15th. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Friday, February 22nd. Buckingham Research started coverage on shares of America’s Car-Mart in a report on Thursday, March 28th. They set a “buy” rating and a $103.00 target price for the company. Finally, Bank of America reaffirmed a “buy” rating and set a $110.00 target price (up from $102.00) on shares of America’s Car-Mart in a report on Tuesday, February 26th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $96.67.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lavaca Capital LLC acquired a new position in America’s Car-Mart in the fourth quarter valued at about $25,000. Advisor Group Inc. lifted its position in America’s Car-Mart by 925.0% in the fourth quarter. Advisor Group Inc. now owns 1,025 shares of the company’s stock valued at $74,000 after buying an additional 925 shares during the last quarter. Legal & General Group Plc lifted its position in America’s Car-Mart by 27.8% in the fourth quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock valued at $79,000 after buying an additional 238 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in America’s Car-Mart during the fourth quarter worth about $93,000. Finally, Nordea Investment Management AB purchased a new stake in America’s Car-Mart during the fourth quarter worth about $101,000. 72.27% of the stock is currently owned by institutional investors.

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

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

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