America’s Car-Mart Inc. (NASDAQ:CRMT) shares dropped 5.6% during trading on Wednesday . The company traded as low as $32.01 and last traded at $32.12, with a volume of 63,038 shares traded. The stock had previously closed at $34.01.

CRMT has been the topic of a number of recent research reports. Sidoti cut America’s Car-Mart from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $24.00 in a research note on Tuesday, May 24th. Jefferies Group reiterated a “hold” rating on shares of America’s Car-Mart in a research note on Tuesday, May 24th. Finally, Zacks Investment Research cut America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Six analysts have rated the stock with a hold rating, America’s Car-Mart presently has an average rating of “Hold” and an average price target of $29.00.

The firm has a market cap of $257.47 million and a price-to-earnings ratio of 24.15. The company has a 50-day moving average of $32.44 and a 200-day moving average of $26.74.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Monday, May 23rd. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.18. The business had revenue of $155 million for the quarter, compared to analysts’ expectations of $149.13 million. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. On average, equities analysts forecast that America’s Car-Mart Inc. will post $2.02 EPS for the current year.

In other America’s Car-Mart news, Director Gremp Jim Von acquired 2,000 shares of the company’s stock in a transaction on Tuesday, May 24th. The shares were purchased at an average cost of $21.33 per share, with a total value of $42,660.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John David Simmons sold 3,750 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $24.20, for a total transaction of $90,750.00. Following the completion of the transaction, the director now directly owns 19,979 shares in the company, valued at $483,491.80. 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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