Here is the rundown on market activity for America’s Car-Mart, Inc. (NASDAQ:CRMT). CEO William H. Henderson let go of 6,250 shares at an average price of $37.00 on Tue the 11th. That brings Henderson’s holdings to $3,226,030 as recorded in a recent Form 4 SEC filing. William H. Henderson, CEO let go of $525,840 worth of shares at an average price of $37.56 on July 6th. That brings the CEO’s holdings to $3,274,856 as reported to the SEC.
William H. Henderson, CEO sold $311,511 worth of shares at an average price of $37.12 on Thu the 1st. Henderson now owns $3,255,053 of stock per an SEC filing yesterday.
America’s Car-Mart, Inc., launched on August 23, 1989, is an automotive retailer 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. (Car-Mart of Arkansas) and Colonial Auto Finance, Inc. (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). The Company primarily sells older model used vehicles and provides financing for all of its customers. As of April 30, 2016, the Company operated 143 dealerships located primarily in small cities throughout the South-Central United States..
The following firms have also recently changed their position in CRMT. Morgan Stanley expanded its ownership by buying 3,480 shares an increase of 51.3% from 12/31/2016 to 03/31/2017. Morgan Stanley currently owns 10,269 shares worth $374,000. The value of the position overall is up by 25.9%. As of quarter end Tower Research Capital LLC (trc) had bought a total of 5 shares growing its position 4.9%. The value of the company’s investment in America’s Car-Mart, Inc. decreased from $5,000 to $4,000 a change of 20.0% for the reporting period.
Goldman Sachs Group Inc augmented its holdings by buying 975 shares an increase of 11.2% as of 03/31/2017. Goldman Sachs Group Inc controls 9,678 shares with a value of $353,000. The total value of its holdings decreased 7.3%. As of the end of the quarter Bares Capital Management, Inc. had acquired 16,745 shares growing its stake by 2.1%. The value of the total investment in America’s Car-Mart, Inc. went from $34,686,000 to $29,509,000 a change of $5,177,000 quarter to quarter.
On October 19 the stock rating was upgraded to “Buy” from “” in a report issued by Bank of America. August 22 investment analysts at Jefferies made no change to the company rating of “Hold” and lowered the price expectation from $38.00 to $37.00.
On April 7 Citigroup maintained a company rating of “Hold” but moved down the price target to $26.00 from $29.00. On March 15 analysts at Sidoti & Co. starting coverage on CRMT giving it an initial rating of “Buy”.
On August 25 Stephens & Co. left the stock rating at “Equal-weight” but lowered the price expectation to $40.00 from $55.00. On August 24 Jefferies left the company rating at “Hold” and lowered the price target to $38.00 from $55.00.
The company is trading down since yesterday’s close of $37.9. Shares of the company are trading at $37.55 which is a tad above $37.21, the 50 day moving average and just a bit lower than the 200 day moving average of $38.38. The 50 day moving average was up $0.34 and the 200 day average was down $-0.83.
The company currently has a P/E ratio of 15.08 and the market value is 283.43M. In the latest earnings report the EPS was $2.49 and is projected to be $3.05 for the current year with 7,548,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.76 with next year’s EPS projected to be $3.58.
Short traders are more bearish on shares of America’s Car-Mart, Inc. recently looking at the change in short interest. The firm realized a rise in short interest between June 15, 2017 and May 31, 2017 of 7.15%. Short shares increased 77,705 over that period. The days to cover increased to 26.1 and the short interest percentage is 0.15% as of May 31.