America’s Car-Mart (NASDAQ:CRMT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

America’s Car-Mart, Inc. (NASDAQ:CRMT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.51 and traded as high as $48.38. America’s Car-Mart shares last traded at $47.79, with a volume of 64,391 shares trading hands.

Analyst Ratings Changes

CRMT has been the topic of several recent analyst reports. Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

America’s Car-Mart Stock Performance

The stock has a market cap of $393.19 million, a P/E ratio of -58.04, a P/E/G ratio of 1.41 and a beta of 1.71. The stock has a 50-day moving average price of $46.60 and a 200-day moving average price of $46.52.

America’s Car-Mart (NASDAQ:CRMT) last issued 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 firm had revenue of $325.73 million during 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%. Sell-side analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

In other America’s Car-Mart news, Director Jonathan Z. Buba purchased 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, for a total transaction of $3,285,000.00. Following the transaction, the director now owns 619,686 shares in the company, valued at $27,142,246.80. The trade was a 13.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of America’s Car-Mart

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in America’s Car-Mart by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 426,452 shares of the company’s stock worth $21,856,000 after buying an additional 30,306 shares during the last quarter. WCM Investment Management LLC lifted its position in America’s Car-Mart by 39.2% in the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock worth $16,577,000 after buying an additional 91,256 shares during the last quarter. North Reef Capital Management LP lifted its position in America’s Car-Mart by 7.9% in the 4th quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock worth $11,634,000 after buying an additional 16,593 shares during the last quarter. Kize Capital LP bought a new stake in America’s Car-Mart in the 4th quarter worth approximately $11,043,000. Finally, State Street Corp lifted its position in America’s Car-Mart by 1.0% in 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. Institutional investors own 89.10% of the company’s stock.

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.