The stock of Americas Car Mart, Inc. (CRMT) has gone down by -9.40% for the week, with a -27.58% drop in the past month and a -28.27% drop in the past quarter. The volatility ratio for the week is 5.29%, and the volatility levels for the past 30 days are 4.93% for CRMT. The simple moving average for the last 20 days is -21.55% for CRMT’s stock, with a simple moving average of -30.94% for the last 200 days.
Is It Worth Investing in Americas Car Mart, Inc. (NASDAQ: CRMT) Right Now?
CRMT has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for CRMT is 5.70M, and currently, short sellers hold a 14.20% ratio of that float. The average trading volume of CRMT on September 19, 2024 was 83.88K shares.
CRMT) stock’s latest price update
The stock price of Americas Car Mart, Inc. (NASDAQ: CRMT) has dropped by -13.81 compared to previous close of 49.96. Despite this, the company has seen a fall of -9.40% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that ROGERS, Ark., Sept. 19, 2024 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (“Car-Mart” or the “Company”), a large publicly held automotive retailer focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market, announced today the pricing of its underwritten public offering of 1,700,000 shares of its common stock at a price to the public of $43.00 per share. In addition, Car-Mart has granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about September 20, 2024, subject to satisfaction of customary closing conditions.
Analysts’ Opinion of CRMT
Stephens gave a rating of “Overweight” to CRMT, setting the target price at $135 in the report published on July 17th of the previous year.
CRMT Trading at -28.44% from the 50-Day Moving Average
After a stumble in the market that brought CRMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.01% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 5.29%, as shares sank -26.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.60% lower at present.
During the last 5 trading sessions, CRMT fell by -6.59%, which changed the moving average for the period of 200-days by -41.17% in comparison to the 20-day moving average, which settled at $54.10. In addition, Americas Car Mart, Inc. saw -43.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRMT starting from Peterson Adam K, who purchase 26,410 shares at the price of $57.74 back on Jun 18 ’24. After this action, Peterson Adam K now owns 768,410 shares of Americas Car Mart, Inc., valued at $1,524,913 using the latest closing price.
Peterson Adam K, the 10% Owner of Americas Car Mart, Inc., purchase 13,550 shares at $57.87 during a trade that took place back on Apr 11 ’24, which means that Peterson Adam K is holding 742,000 shares at $784,138 based on the most recent closing price.
Stock Fundamentals for CRMT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.46 for the gross margin
The net margin for Americas Car Mart, Inc. stands at -0.03. The total capital return value is set at 0.09. Equity return is now at value -7.48, with -2.41 for asset returns.
Based on Americas Car Mart, Inc. (CRMT), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 1.45.
Currently, EBITDA for the company is 32.52 million with net debt to EBITDA at 28.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 1.21for trailing twelve months and the total asset turnover is 0.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.99.
Conclusion
To put it simply, Americas Car Mart, Inc. (CRMT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
