America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Acquires $691,955.00 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMTGet Free Report) major shareholder Adam K. Peterson acquired 11,500 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $60.17 per share, for a total transaction of $691,955.00. Following the transaction, the insider now owns 719,950 shares in the company, valued at approximately $43,319,391.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

America’s Car-Mart Trading Down 6.9 %

America’s Car-Mart stock opened at $61.15 on Friday. The stock’s 50 day simple moving average is $63.38 and its two-hundred day simple moving average is $72.72. America’s Car-Mart, Inc. has a 12 month low of $57.61 and a 12 month high of $127.96. The firm has a market cap of $390.75 million, a PE ratio of -13.04 and a beta of 1.69.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last posted its quarterly earnings data on Friday, March 8th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). The company had revenue of $299.60 million for the quarter, compared to analyst estimates of $350.95 million. America’s Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The business’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities research analysts forecast that America’s Car-Mart, Inc. will post -4.64 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on CRMT. Stephens restated an “equal weight” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a research report on Tuesday, February 6th. StockNews.com lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, TheStreet lowered America’s Car-Mart from a “c” rating to a “d+” rating in a research report on Tuesday, December 5th.

View Our Latest Stock Analysis on America’s Car-Mart

Hedge Funds Weigh In On America’s Car-Mart

A number of large investors have recently added to or reduced their stakes in CRMT. Nantahala Capital Management LLC raised its position in America’s Car-Mart by 35.1% during the fourth quarter. Nantahala Capital Management LLC now owns 312,128 shares of the company’s stock worth $23,650,000 after acquiring an additional 81,175 shares during the period. Franklin Resources Inc. raised its position in America’s Car-Mart by 776.7% during the first quarter. Franklin Resources Inc. now owns 49,203 shares of the company’s stock worth $3,897,000 after acquiring an additional 43,591 shares during the period. Portolan Capital Management LLC acquired a new position in America’s Car-Mart during the first quarter worth $3,361,000. Dimensional Fund Advisors LP raised its position in America’s Car-Mart by 13.2% during the first 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 period. Finally, Kennedy Capital Management LLC raised its position in America’s Car-Mart by 14.8% during the second quarter. Kennedy Capital Management LLC now owns 232,363 shares of the company’s stock worth $23,185,000 after acquiring an additional 30,001 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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