America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 90.8% in the fourth quarter, HoldingsChannel reports. The firm owned 527 shares of the company’s stock after selling 5,192 shares during the quarter. California State Teachers Retirement System’s holdings in America’s Car-Mart were worth $27,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in America’s Car-Mart in the fourth quarter worth approximately $117,000. Aquatic Capital Management LLC lifted its position in shares of America’s Car-Mart by 249.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock worth $143,000 after buying an additional 1,995 shares during the last quarter. Corebridge Financial Inc. increased its holdings in shares of America’s Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of America’s Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after acquiring an additional 965 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of America’s Car-Mart in the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Down 13.4%

America’s Car-Mart stock opened at $50.00 on Friday. The firm has a market capitalization of $413.10 million, a PE ratio of -60.97, a P/E/G ratio of 1.41 and a beta of 1.33. The firm’s 50-day simple moving average is $49.16 and its 200 day simple moving average is $48.51. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.39. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, research analysts expect that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, June 6th.

Insider Buying and Selling

In other news, major shareholder Adam K. Peterson sold 88,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the completion of the transaction, the insider now directly owns 1,428,094 shares in the company, valued at approximately $81,272,829.54. This represents a 5.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 154,269 shares of company stock valued at $8,689,460. 19.60% of the stock is currently owned by corporate insiders.

America’s Car-Mart 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.