America's Car-Mart Director John David Simmons Unloads 3,750 Shares (CRMT)
America's Car-Mart (NASDAQ:CRMT) Director John David Simmons sold 3,750 shares of America's Car-Mart stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $42.31, for a total value of $158,662.50. Following the transaction, the director now directly owns 16,229 shares in the company, valued at approximately $686,649. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of America's Car-Mart (NASDAQ:CRMT) traded up 3.36% on Tuesday, hitting $44.24. The stock had a trading volume of 78,828 shares. America's Car-Mart has a 52-week low of $34.56 and a 52-week high of $47.93. The stock’s 50-day moving average is $38.69 and its 200-day moving average is $37.34. The company has a market cap of $384.0 million and a price-to-earnings ratio of 19.10.
America's Car-Mart (NASDAQ:CRMT) last released its 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 $2.99 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 research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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