America’s Car-Mart (NASDAQ:CRMT) Stock Crosses Above Two Hundred 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 Tuesday . The stock has a 200-day moving average of $48.88 and traded as high as $51.80. America’s Car-Mart shares last traded at $49.59, with a volume of 56,738 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. 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.

America’s Car-Mart Stock Performance

The firm has a market cap of $409.12 million, a price-to-earnings ratio of -60.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The stock has a 50-day moving average of $50.14 and a 200-day moving average of $48.88.

Institutional Trading of America’s Car-Mart

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new position in America’s Car-Mart during the third quarter worth $328,000. Yacktman Asset Management LP boosted its stake in shares of America’s Car-Mart by 10.3% during the 3rd quarter. Yacktman Asset Management LP now owns 32,000 shares of the company’s stock worth $1,341,000 after buying an additional 3,000 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of America’s Car-Mart in the 3rd quarter valued at about $113,000. WCM Investment Management LLC increased its position in shares of America’s Car-Mart by 4.2% in the third quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock valued at $10,107,000 after acquiring an additional 9,326 shares during the last quarter. Finally, Platform Technology Partners acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $312,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

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.