America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Jonathan Z. Buba Acquires 75,000 Shares

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Jonathan Z. Buba purchased 75,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the acquisition, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. This trade represents a 13.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

America’s Car-Mart Trading Up 0.6 %

CRMT opened at $45.26 on Friday. The business’s fifty day simple moving average is $46.68 and its 200-day simple moving average is $47.02. The company has a market capitalization of $373.53 million, a price-to-earnings ratio of -55.19, a PEG ratio of 1.41 and a beta of 1.71. America’s Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 return on equity of 2.26% and a negative net margin of 0.29%. On average, equities research analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

Institutional Trading of America’s Car-Mart

A number of institutional investors have recently modified their holdings of CRMT. Vanguard Group Inc. boosted its stake in America’s Car-Mart by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 426,452 shares of the company’s stock valued at $21,856,000 after acquiring an additional 30,306 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of America’s Car-Mart by 39.2% during 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. North Reef Capital Management LP lifted its holdings in shares of America’s Car-Mart by 7.9% during the 4th quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock valued at $11,634,000 after purchasing an additional 16,593 shares during the last quarter. Kize Capital LP acquired a new stake in shares of America’s Car-Mart in the 4th quarter worth $11,043,000. Finally, State Street Corp grew its stake in America’s Car-Mart by 1.0% during the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock worth $7,548,000 after buying an additional 1,810 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, March 7th. 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.

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.