America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 34.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,535 shares of the company’s stock after selling 12,105 shares during the quarter. Cubist Systematic Strategies LLC owned 0.35% of America’s Car-Mart worth $1,357,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CRMT. Rhumbline Advisers increased its position in America’s Car-Mart by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after purchasing an additional 381 shares during the period. BOKF NA grew its holdings in America’s Car-Mart by 1.9% during the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after acquiring an additional 453 shares during the period. American Century Companies Inc. raised its position in America’s Car-Mart by 12.1% in the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after acquiring an additional 905 shares in the last quarter. Foster & Motley Inc. lifted its holdings in America’s Car-Mart by 20.3% in the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after acquiring an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of America’s Car-Mart by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,963 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

America’s Car-Mart Stock Down 1.9 %

NASDAQ:CRMT opened at $41.11 on Wednesday. America’s Car-Mart, Inc. has a 52-week low of $40.31 and a 52-week high of $93.63. The stock has a fifty day simple moving average of $56.35 and a 200-day simple moving average of $59.47. The company has a market capitalization of $262.78 million, a PE ratio of -8.31, a price-to-earnings-growth ratio of 0.78 and a beta of 1.68.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The business had revenue of $347.76 million during the quarter, compared to analysts’ expectations of $338.78 million. During the same period last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities analysts anticipate that America’s Car-Mart, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

CRMT has been the subject of a number of research analyst reports. BTIG Research started coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They issued a “neutral” rating for the company. StockNews.com raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $66.00.

Insider Buying and Selling at America’s Car-Mart

In related news, Director Joshua G. Welch purchased 23,255 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the acquisition, the director now directly owns 148,955 shares in the company, valued at approximately $6,405,065. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Adam K. Peterson purchased 813,953 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $43.00 per share, with a total value of $34,999,979.00. Following the purchase, the insider now directly owns 1,582,363 shares of the company’s stock, valued at $68,041,609. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua G. Welch acquired 23,255 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $43.00 per share, with a total value of $999,965.00. Following the transaction, the director now owns 148,955 shares of the company’s stock, valued at $6,405,065. The disclosure for this purchase can be found here. 14.10% of the stock is owned by insiders.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.