Adam K. Peterson Acquires 18,148 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMTGet Free Report) major shareholder Adam K. Peterson purchased 18,148 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $59.71 per share, for a total transaction of $1,083,617.08. Following the transaction, the insider now directly owns 649,199 shares of the company’s stock, valued at approximately $38,763,672.29. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Price Performance

CRMT stock opened at $61.12 on Thursday. The stock has a market capitalization of $390.56 million, a PE ratio of -19.59 and a beta of 1.69. The company’s 50-day moving average is $67.10 and its 200-day moving average is $83.11. America’s Car-Mart, Inc. has a 1 year low of $57.61 and a 1 year high of $127.96.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported ($4.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($5.09). America’s Car-Mart had a negative return on equity of 3.99% and a negative net margin of 1.36%. The company had revenue of $361.60 million for the quarter, compared to the consensus estimate of $363.76 million. During the same period last year, the company earned $0.48 EPS. America’s Car-Mart’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that America’s Car-Mart, Inc. will post -1.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CRMT shares. StockNews.com cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Stephens reissued an “equal weight” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research report on Tuesday. Finally, TheStreet cut shares of America’s Car-Mart from a “c” rating to a “d+” rating in a research report on Tuesday, December 5th.

Check Out Our Latest Report on CRMT

Institutional Investors Weigh In On America’s Car-Mart

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of America’s Car-Mart by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 412,537 shares of the company’s stock worth $25,173,000 after acquiring an additional 9,204 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of America’s Car-Mart by 13.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 355,188 shares of the company’s stock worth $28,615,000 after acquiring an additional 41,378 shares during the last quarter. Ranger Investment Management L.P. raised its holdings in shares of America’s Car-Mart by 5.5% in the 2nd quarter. Ranger Investment Management L.P. now owns 299,926 shares of the company’s stock worth $29,927,000 after acquiring an additional 15,745 shares during the last quarter. State Street Corp raised its holdings in shares of America’s Car-Mart by 6.2% in the 1st quarter. State Street Corp now owns 262,814 shares of the company’s stock worth $20,817,000 after acquiring an additional 15,391 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of America’s Car-Mart by 0.7% in the 1st quarter. WCM Investment Management LLC now owns 244,884 shares of the company’s stock worth $19,397,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

(Get Free Report)

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.

Further Reading

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