America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Acquires $1,524,913.40 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson acquired 26,410 shares of America’s Car-Mart stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average price of $57.74 per share, for a total transaction of $1,524,913.40. Following the completion of the purchase, the insider now directly owns 768,410 shares of the company’s stock, valued at $44,367,993.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

America’s Car-Mart Stock Up 1.8 %

CRMT opened at $60.00 on Monday. The business’s 50 day moving average is $60.38 and its 200-day moving average is $63.21. America’s Car-Mart, Inc. has a twelve month low of $55.00 and a twelve month high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The firm had revenue of $364.67 million for the quarter, compared to the consensus estimate of $361.48 million. During the same quarter in the previous year, the business earned $0.32 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts forecast that America’s Car-Mart, Inc. will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On America’s Car-Mart

Several large investors have recently bought and sold shares of CRMT. Magnolia Group LLC boosted its holdings in shares of America’s Car-Mart by 14.1% in the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock valued at $45,983,000 after acquiring an additional 88,899 shares in the last quarter. WCM Investment Management LLC increased its position in shares of America’s Car-Mart by 14.0% during the 4th quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock valued at $17,505,000 after purchasing an additional 27,027 shares during the period. Quadrature Capital Ltd bought a new stake in shares of America’s Car-Mart in the 3rd quarter worth $2,308,000. BNP Paribas Financial Markets raised its stake in shares of America’s Car-Mart by 121.0% in the 1st quarter. BNP Paribas Financial Markets now owns 38,259 shares of the company’s stock worth $2,444,000 after buying an additional 20,949 shares in the last quarter. Finally, Yacktman Asset Management LP lifted its holdings in shares of America’s Car-Mart by 70.0% in the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock valued at $2,576,000 after buying an additional 14,000 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BTIG Research began coverage on America’s Car-Mart in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Bank of America reduced their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Finally, StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.