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

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Joshua G. Welch purchased 23,255 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the acquisition, the director now directly owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

America’s Car-Mart Stock Performance

NASDAQ:CRMT opened at $42.49 on Friday. America’s Car-Mart, Inc. has a 1 year low of $40.60 and a 1 year high of $93.63. The stock has a market cap of $271.60 million, a P/E ratio of -8.58, a P/E/G ratio of 0.77 and a beta of 1.68. The stock has a 50-day simple moving average of $59.24 and a 200-day simple moving average of $60.36.

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

Institutional Trading of America’s Car-Mart

Large investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in America’s Car-Mart by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock valued at $602,000 after buying an additional 381 shares in the last quarter. BOKF NA increased its position in America’s Car-Mart by 1.9% during the 1st quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after purchasing an additional 453 shares in the last quarter. Quest Partners LLC purchased a new position in shares of America’s Car-Mart during the fourth quarter valued at approximately $48,000. American Century Companies Inc. increased its position in America’s Car-Mart by 12.1% during the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after purchasing an additional 905 shares during the last quarter. Finally, Foster & Motley Inc. boosted its holdings in America’s Car-Mart by 20.3% in the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BTIG Research assumed coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating for the company. StockNews.com upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.