Car-Mart joins S&P SmallCap 600; stock price hits 52-week high
by February 12, 2020 12:19 pm 372 views
Bentonville-based America’s Car-Mart announced Wednesday (Feb. 12) the buy here, pay here used car dealer has been added to the S&P SmallCap 600 index as the company’s stock price on the NASDAQ market rose to a 52-week high. Car-Mart’s addition to the S&P index is effective before the markets open Thursday (Feb. 13).
The S&P SmallCap 600 measures the small-cap segment of the U.S. equity market. The index tracks companies that meet specific criteria to ensure they are liquid and fiducially viable, according to a news release.
“S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators such as the S&P 500 and the Dow Jones Industrial Average,” the release shows. “More assets are invested in products based on S&P indices than products based on indices from any other provider in the world.”
The S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI) and provides information that people, companies and governments use to make decisions.
Shares of Car-Mart (NASDAQ: CRMT) were trading Wednesday morning at $119.01, up $1.86 or 1.59%. The stock rose Wednesday to a 52-week high of $119.37. The 52-week low is $77.93.