America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Buys $784,138.50 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson acquired 13,550 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were acquired at an average price of $57.87 per share, with a total value of $784,138.50. Following the completion of the purchase, the insider now owns 742,000 shares in the company, valued at approximately $42,939,540. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Price Performance

CRMT opened at $56.60 on Wednesday. The firm has a fifty day moving average price of $62.82 and a 200 day moving average price of $68.77. America’s Car-Mart, Inc. has a 1 year low of $55.00 and a 1 year high of $127.96. The stock has a market cap of $361.67 million, a P/E ratio of -12.07 and a beta of 1.67.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Friday, March 8th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.10) by ($0.24). The firm had revenue of $299.60 million during the quarter, compared to analyst estimates of $350.95 million. America’s Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Equities analysts expect that America’s Car-Mart, Inc. will post -4.9 EPS for the current year.

Institutional Investors Weigh In On America’s Car-Mart

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRMT. Anchor Investment Management LLC purchased a new stake in America’s Car-Mart in the 4th quarter worth $25,000. Quest Partners LLC purchased a new stake in shares of America’s Car-Mart during the fourth quarter worth $48,000. Quantbot Technologies LP purchased a new stake in shares of America’s Car-Mart during the first quarter worth $48,000. Captrust Financial Advisors grew its holdings in shares of America’s Car-Mart by 31.6% during the first quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock worth $56,000 after buying an additional 167 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in shares of America’s Car-Mart by 621.0% during the first quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock worth $61,000 after buying an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CRMT. Stephens restated an “equal weight” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research note on Tuesday, February 6th. Bank of America decreased their price objective on shares of America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th.

America’s Car-Mart Company Profile

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.