America’s Car-Mart Inc. (NASDAQ:CRMT) traded down 1.8% during trading on Wednesday . The company traded as low as $35.17 and last traded at $35.85, with a volume of 76,684 shares trading hands. The stock had previously closed at $36.52.

Several brokerages have recently issued reports on CRMT. Jefferies Group raised their price objective on America’s Car-Mart from $22.00 to $37.00 and gave the stock a “hold” rating in a research note on Monday, August 22nd. Zacks Investment Research upgraded America’s Car-Mart from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $29.00.

The stock has a 50-day moving average of $37.22 and a 200 day moving average of $29.19. The stock has a market capitalization of $280.92 million, a PE ratio of 21.70 and a beta of 1.08.

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America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Thursday, August 18th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.41. The firm had revenue of $145.80 million for the quarter, compared to the consensus estimate of $154.36 million. America’s Car-Mart had a return on equity of 7.45% and a net margin of 2.47%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. On average, equities analysts anticipate that America’s Car-Mart Inc. will post $2.70 EPS for the current year.

In related news, CEO William H. Henderson sold 7,500 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $39.86, for a total transaction of $298,950.00. Following the completion of the transaction, the chief executive officer now directly owns 84,484 shares of the company’s stock, valued at approximately $3,367,532.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eddie L. Hight sold 5,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $40.23, for a total value of $201,150.00. Following the transaction, the director now directly owns 45,970 shares of the company’s stock, valued at $1,849,373.10. The disclosure for this sale can be found here. 14.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRMT. TIAA CREF Investment Management LLC boosted its position in America’s Car-Mart by 4.1% in the first quarter. TIAA CREF Investment Management LLC now owns 28,164 shares of the company’s stock valued at $704,000 after buying an additional 1,108 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in America’s Car-Mart by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 240,267 shares of the company’s stock valued at $6,007,000 after buying an additional 1,530 shares during the last quarter. State Street Corp boosted its position in America’s Car-Mart by 1.2% in the first quarter. State Street Corp now owns 136,415 shares of the company’s stock valued at $3,417,000 after buying an additional 1,575 shares during the last quarter. UBS Group AG boosted its position in America’s Car-Mart by 199.1% in the first quarter. UBS Group AG now owns 7,785 shares of the company’s stock valued at $195,000 after buying an additional 5,182 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in America’s Car-Mart by 1.0% in the first quarter. Geode Capital Management LLC now owns 55,080 shares of the company’s stock valued at $1,376,000 after buying an additional 549 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

About America’s Car-Mart

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. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc, an Arkansas corporation (Car-Mart of Arkansas), and Colonial Auto Finance, Inc, an Arkansas corporation (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

5 Day Chart for NASDAQ:CRMT

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