Insider Selling: America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Sells 4,000 Shares of Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director William H. Henderson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $86.08, for a total value of $344,320.00. Following the sale, the director now owns 122,830 shares in the company, valued at $10,573,206.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of America’s Car-Mart stock opened at $84.51 on Thursday. The business’s 50 day moving average is $86.81. The firm has a market cap of $570.10 million, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.62 and a beta of 0.93. America’s Car-Mart, Inc. has a twelve month low of $61.90 and a twelve month high of $104.05.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Tuesday, May 21st. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.77 by $0.24. America’s Car-Mart had a return on equity of 19.10% and a net margin of 7.12%. The firm had revenue of $176.88 million for the quarter, compared to analysts’ expectations of $187.85 million. On average, equities research analysts predict that America’s Car-Mart, Inc. will post 7.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WCM Investment Management LLC increased its position in America’s Car-Mart by 66.2% in the 1st quarter. WCM Investment Management LLC now owns 304,215 shares of the company’s stock valued at $27,787,000 after acquiring an additional 121,123 shares during the period. Portolan Capital Management LLC acquired a new stake in America’s Car-Mart in the 4th quarter valued at approximately $16,290,000. Acadian Asset Management LLC increased its position in America’s Car-Mart by 8.3% in the 1st quarter. Acadian Asset Management LLC now owns 93,336 shares of the company’s stock valued at $8,522,000 after acquiring an additional 7,139 shares during the period. Bank of Montreal Can increased its position in America’s Car-Mart by 1.4% in the 1st quarter. Bank of Montreal Can now owns 92,659 shares of the company’s stock valued at $8,463,000 after acquiring an additional 1,312 shares during the period. Finally, Intrinsic Edge Capital Management LLC increased its position in America’s Car-Mart by 7.7% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 70,199 shares of the company’s stock valued at $5,086,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A number of analysts have recently weighed in on CRMT shares. Janney Montgomery Scott reiterated a “buy” rating and set a $99.00 price target on shares of America’s Car-Mart in a research report on Monday, April 15th. BidaskClub cut Virtu Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 12th. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. ValuEngine cut Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Finally, Buckingham Research set a $107.00 price target on America’s Car-Mart and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.50.

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.

See Also: Systematic Risk

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

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