America’s Car-Mart Inc. (CRMT) Sees Unusually-High Trading Volume
America’s Car-Mart Inc. (NASDAQ:CRMT) saw unusually-high trading volume on Wednesday . Approximately 132,118 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 96,022 shares.The stock last traded at $39.49 and had previously closed at $40.09.
CRMT has been the subject of a number of research analyst reports. Jefferies Group raised their price target on America’s Car-Mart from $22.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, August 22nd. Sidoti cut America’s Car-Mart from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $24.00 in a research report on Tuesday, May 24th. Finally, Zacks Investment Research cut America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Five equities research analysts have rated the stock with a hold rating, America’s Car-Mart has a consensus rating of “Hold” and a consensus target price of $29.00.
The company has a 50 day moving average price of $35.02 and a 200-day moving average price of $27.86. The company has a market capitalization of $305.49 million and a PE ratio of 23.69.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 18th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.41. The company earned $145.80 million during the quarter, compared to analyst estimates of $154.36 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that America’s Car-Mart Inc. will post $2.70 earnings per share for the current year.
In related news, CEO William H. Henderson sold 7,500 shares of the firm’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 sale, 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 John David Simmons sold 3,750 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $36.80, for a total value of $138,000.00. Following the sale, the director now directly owns 17,129 shares of the company’s stock, valued at $630,347.20. The disclosure for this sale can be found here.
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).
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