Car-Mart director acquires shares
by April 12, 2013 5:01 pm 129 views
Cameron Smith, a director at America’s Car-Mart Inc., recently added to his company holdings with three open market transactions totaling 2,450 shares, an investment of nearly $107,000.
The average price paid for these three trades on April 8 and April 10 was $43.65. Indications are the move was a good deal for Smith, a local business executive and founder of corporate recruiting firm Cameron Smith & Associates in Rogers.
Car-Mart shares (NASDAQ: CRMT) closed this week at $46.22, giving Smith a $6,200 gain on his recent investment.
Smith’s Car-Mart holdings total 6,150 shares, which include 1,875 shares registered to his wife. He joined the board of directors in December 2009.
Car-Mart shares have ranged in price from $35.81 to $50.59 during the past 52 weeks. Over the past three months shares have mainly traded between $45 and $48.
The buy here, pay here auto dealer / finance company will report earnings on May 20. Analysts expect Car-Mart to report 93 cents per share in net income, down from 97 cents per share a year ago. But top line revenue is expected to grow 5% to $119.2 million.