Insider Buying: America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Acquires 75,000 Shares of Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Jonathan Z. Buba purchased 75,000 shares of America’s Car-Mart stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the transaction, the director now owns 619,686 shares in the company, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

America’s Car-Mart Price Performance

America’s Car-Mart stock traded up $0.62 during trading hours on Wednesday, hitting $44.99. The company had a trading volume of 108,980 shares, compared to its average volume of 104,684. America’s Car-Mart, Inc. has a fifty-two week low of $36.40 and a fifty-two week high of $72.26. The firm has a market capitalization of $371.30 million, a P/E ratio of -54.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71. The firm’s fifty day moving average is $46.78 and its 200-day moving average is $47.04.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.38. The business had revenue of $325.73 million for the quarter, compared to the consensus estimate 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%. Analysts anticipate that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On America’s Car-Mart

Institutional investors have recently made changes to their positions in the company. Kize Capital LP acquired a new position in America’s Car-Mart in the fourth quarter worth approximately $11,043,000. SG Capital Management LLC bought a new position in shares of America’s Car-Mart during the 4th quarter valued at $6,604,000. WCM Investment Management LLC lifted its stake in shares of America’s Car-Mart by 39.2% in the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after purchasing an additional 91,256 shares during the last quarter. Portolan Capital Management LLC bought a new stake in America’s Car-Mart in the third quarter worth $3,197,000. Finally, JPMorgan Chase & Co. increased its position in America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after buying an additional 57,304 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

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.