America's Car-Mart COO Eddie L. Hight Sells 11,500 Shares (CRMT)
America's Car-Mart (NASDAQ:CRMT) COO Eddie L. Hight sold 11,500 shares of the stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $43.16, for a total value of $496,340.00. Following the completion of the sale, the chief operating officer now directly owns 54,607 shares of the company’s stock, valued at approximately $2,356,838. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of America's Car-Mart (NASDAQ:CRMT) traded down 1.31% on Friday, hitting $41.31. 252,723 shares of the company’s stock traded hands. America's Car-Mart has a 1-year low of $34.56 and a 1-year high of $47.93. The stock’s 50-day moving average is $38.40 and its 200-day moving average is $37.21. The company has a market cap of $360.4 million and a price-to-earnings ratio of 18.68.
America's Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.17. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $116.33 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that America's Car-Mart will post $2.81 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at CL King upgraded shares of America's Car-Mart from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at TheStreet upgraded shares of America's Car-Mart to a “buy” rating in a research note on Friday, August 15th. Finally, analysts at Bank of America initiated coverage on shares of America's Car-Mart in a research note on Friday, July 18th. They set an “underperform” rating and a $37.57 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. America's Car-Mart presently has an average rating of “Hold” and a consensus target price of $36.86.
America’s Car-Mart, Inc is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market.
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