America’s Car-Mart (NASDAQ:CRMT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.51 and traded as high as $48.38. America’s Car-Mart shares last traded at $47.79, with a volume of 64,391 shares changing hands.

Analyst Upgrades and Downgrades

CRMT has been the topic of several recent research reports. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

America’s Car-Mart Stock Performance

The firm’s 50-day moving average price is $46.58 and its two-hundred day moving average price is $46.51. The stock has a market cap of $394.84 million, a price-to-earnings ratio of -58.28, a PEG ratio of 1.41 and a beta of 1.71.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.38. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The company had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. As a group, sell-side analysts expect that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

In related news, Director Jonathan Z. Buba bought 75,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the transaction, the director now directly owns 619,686 shares of the company’s stock, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.60% of the stock is currently owned by corporate insiders.

Institutional Trading of America’s Car-Mart

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in America’s Car-Mart during the fourth quarter worth about $28,000. Point72 DIFC Ltd purchased a new stake in America’s Car-Mart during the third quarter worth about $40,000. Point72 Asset Management L.P. increased its stake in America’s Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after purchasing an additional 1,414 shares during the period. Quantbot Technologies LP purchased a new stake in America’s Car-Mart during the fourth quarter worth about $117,000. Finally, Aquatic Capital Management LLC increased its stake in America’s Car-Mart by 249.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock worth $143,000 after purchasing an additional 1,995 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Company Profile

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.