America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Joshua G. Welch Buys 23,255 Shares

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Joshua G. Welch bought 23,255 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the purchase, the director now directly owns 148,955 shares in the company, valued at approximately $6,405,065. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

America’s Car-Mart Stock Down 1.5 %

Shares of CRMT stock opened at $42.49 on Friday. The firm has a 50 day moving average price of $59.24 and a two-hundred day moving average price of $60.34. The company has a market capitalization of $271.60 million, a PE ratio of -8.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.68. America’s Car-Mart, Inc. has a 12-month low of $40.60 and a 12-month high of $93.63.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.81). The company had revenue of $347.76 million for the quarter, compared to analyst estimates of $338.78 million. America’s Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. As a group, research analysts expect that America’s Car-Mart, Inc. will post 1.52 EPS for the current year.

Institutional Investors Weigh In On America’s Car-Mart

Hedge funds have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in America’s Car-Mart during the fourth quarter worth approximately $48,000. EntryPoint Capital LLC acquired a new stake in America’s Car-Mart during the first quarter worth approximately $178,000. Hsbc Holdings PLC bought a new position in shares of America’s Car-Mart during the second quarter worth approximately $221,000. Bayesian Capital Management LP bought a new position in shares of America’s Car-Mart during the first quarter worth approximately $240,000. Finally, Argent Capital Management LLC bought a new position in shares of America’s Car-Mart during the second quarter worth approximately $231,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of America’s Car-Mart in a research note on Friday, June 7th. They issued a “neutral” rating for the company. StockNews.com upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, America’s Car-Mart currently has an average rating of “Hold” and a consensus target price of $66.00.

About America’s Car-Mart

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.