Insider Buying: America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Buys $3,285,000.00 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) Director Jonathan Z. Buba bought 75,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the transaction, the director now directly owns 619,686 shares in the company, valued at approximately $27,142,246.80. This represents a 13.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

America’s Car-Mart Trading Up 2.1 %

Shares of NASDAQ:CRMT opened at $46.23 on Friday. The firm has a 50 day moving average of $46.62 and a 200-day moving average of $46.91. The stock has a market capitalization of $381.54 million, a PE ratio of -56.38, 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 the consensus estimate of ($0.01) by $0.38. The company had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. On average, research analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently made changes to their positions in CRMT. WCM Investment Management LLC grew its holdings in shares of America’s Car-Mart by 4.2% during the 3rd quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock valued at $10,107,000 after purchasing an additional 9,326 shares during the last quarter. Platform Technology Partners bought a new stake in shares of America’s Car-Mart during the 3rd quarter valued at approximately $312,000. Quest Partners LLC grew its holdings in shares of America’s Car-Mart by 3,215.7% during the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after purchasing an additional 6,367 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of America’s Car-Mart by 16.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 38,498 shares of the company’s stock valued at $1,614,000 after purchasing an additional 5,377 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in shares of America’s Car-Mart during the 3rd quarter valued at approximately $1,258,000. 89.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRMT. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Stephens upgraded 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.