America’s Car-Mart (CRMT) Scheduled to Post Quarterly Earnings on Tuesday

America’s Car-Mart (NASDAQ:CRMT) is set to issue its quarterly earnings data before the market opens on Tuesday, June 18th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

America’s Car-Mart Stock Performance

CRMT stock opened at $59.23 on Monday. America’s Car-Mart has a one year low of $55.00 and a one year high of $127.96. The firm has a market cap of $378.48 million, a PE ratio of -12.63, a PEG ratio of 2.20 and a beta of 1.67. The firm’s 50 day moving average price is $60.45 and its 200-day moving average price is $63.70.

Insider Buying and Selling

In other news, major shareholder Adam K. Peterson purchased 8,500 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of $57.85 per share, with a total value of $491,725.00. Following the purchase, the insider now owns 728,450 shares in the company, valued at approximately $42,140,832.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Adam K. Peterson bought 8,500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $57.85 per share, with a total value of $491,725.00. Following the completion of the transaction, the insider now directly owns 728,450 shares in the company, valued at approximately $42,140,832.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Adam K. Peterson acquired 13,550 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were acquired at an average price of $57.87 per share, with a total value of $784,138.50. Following the completion of the transaction, the insider now directly owns 742,000 shares in the company, valued at approximately $42,939,540. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 25,279 shares of company stock valued at $1,474,834. Insiders own 14.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BTIG Research initiated coverage on shares of America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Bank of America dropped their target price on shares of America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, America’s Car-Mart has an average rating of “Hold” and an average target price of $66.00.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.