GSA Capital Partners LLP Lowers Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

GSA Capital Partners LLP lessened its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 67.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,467 shares of the company’s stock after selling 13,477 shares during the quarter. GSA Capital Partners LLP owned approximately 0.10% of America’s Car-Mart worth $271,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new stake in America’s Car-Mart during the third quarter worth about $113,000. Hsbc Holdings PLC acquired a new stake in America’s Car-Mart during the 2nd quarter worth approximately $221,000. Argent Capital Management LLC purchased a new position in America’s Car-Mart in the 2nd quarter valued at approximately $231,000. Bayesian Capital Management LP acquired a new position in shares of America’s Car-Mart in the first quarter worth $240,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of America’s Car-Mart in the second quarter worth $245,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRMT. Stephens started coverage on America’s Car-Mart in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. 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, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Insider Transactions at America’s Car-Mart

In other news, Director Joshua G. Welch acquired 23,255 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the acquisition, the director now owns 148,955 shares in the company, valued at $6,405,065. This trade represents a 18.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Adam K. Peterson bought 813,953 shares of America’s Car-Mart 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 $34,999,979.00. Following the completion of the acquisition, the insider now directly owns 1,582,363 shares in the company, valued at approximately $68,041,609. The trade was a 105.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 19.60% of the company’s stock.

America’s Car-Mart Trading Up 4.2 %

America’s Car-Mart stock opened at $44.87 on Friday. The stock has a market cap of $287.17 million, a P/E ratio of -7.83, a price-to-earnings-growth ratio of 1.27 and a beta of 1.67. The company has a fifty day simple moving average of $42.23 and a 200-day simple moving average of $54.50. America’s Car-Mart, Inc. has a 12-month low of $37.98 and a 12-month high of $83.07.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data 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). The business had revenue of $347.76 million for the quarter, compared to analyst estimates of $338.78 million. America’s Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, sell-side analysts forecast that America’s Car-Mart, Inc. will post 0.93 earnings per share for the current fiscal year.

About America’s Car-Mart

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.