America’s Car-Mart (NASDAQ:CRMT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

America’s Car-Mart, Inc. (NASDAQ:CRMT) shares 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Price Performance

The stock has a market cap of $393.19 million, a P/E ratio of -58.04, a PEG ratio of 1.41 and a beta of 1.71. The business’s fifty day moving average price is $46.60 and its 200 day moving average price is $46.52.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.38. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The company had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. On average, analysts predict that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jonathan Z. Buba acquired 75,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in America’s Car-Mart during the 4th quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new stake in America’s Car-Mart during the 3rd quarter valued at approximately $40,000. Point72 Asset Management L.P. increased its position 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 valued at $80,000 after purchasing an additional 1,414 shares during the period. Quantbot Technologies LP acquired a new stake in America’s Car-Mart during the 4th quarter valued at approximately $117,000. Finally, Aquatic Capital Management LLC increased its position 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 valued at $143,000 after purchasing an additional 1,995 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.