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

America’s Car-Mart, Inc. (NASDAQ:CRMT)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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

America’s Car-Mart Trading Up 4.6 %

The company has a market cap of $394.84 million, a PE ratio of -58.28, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71. The firm’s fifty day moving average is $46.58 and its 200 day moving average is $46.51.

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

Insider Buying and Selling

In other America’s Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the 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 purchase, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. This trade represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.60% of the stock is owned by insiders.

Institutional Investors Weigh In On America’s Car-Mart

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in America’s Car-Mart during the 4th quarter worth $28,000. Point72 DIFC Ltd acquired a new stake in America’s Car-Mart during the 3rd quarter worth $40,000. Point72 Asset Management L.P. boosted its stake in America’s Car-Mart by 290.9% during the 3rd 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 last quarter. Quantbot Technologies LP acquired a new stake in America’s Car-Mart during the 4th quarter worth $117,000. Finally, Aquatic Capital Management LLC boosted its stake in America’s Car-Mart by 249.4% during the 4th 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 last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.