America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Acquires $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 dated Thursday, April 11th. The stock was bought at an average cost of $57.87 per share, with a total value of $784,138.50. Following the acquisition, the insider now owns 742,000 shares in the company, valued at $42,939,540. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

America’s Car-Mart Stock Down 0.6 %

CRMT stock opened at $56.24 on Thursday. America’s Car-Mart, Inc. has a 52-week low of $55.00 and a 52-week high of $127.96. The firm has a market cap of $359.37 million, a P/E ratio of -11.99 and a beta of 1.67. The company’s 50-day simple moving average is $62.72 and its 200-day simple moving average is $68.68.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Friday, March 8th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). The business had revenue of $299.60 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. On average, analysts anticipate that America’s Car-Mart, Inc. will post -4.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRMT. Anchor Investment Management LLC acquired a new position in America’s Car-Mart during the fourth quarter worth $25,000. Quantbot Technologies LP acquired a new position in shares of America’s Car-Mart during the 1st quarter worth about $48,000. Quest Partners LLC purchased a new position in America’s Car-Mart in the 4th quarter valued at about $48,000. Captrust Financial Advisors boosted its holdings in America’s Car-Mart by 31.6% in the 1st quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock worth $56,000 after buying an additional 167 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in America’s Car-Mart by 621.0% during the 1st 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

CRMT has been the subject of several recent research reports. Stephens reiterated an “equal weight” rating and set a $82.00 price target on shares of America’s Car-Mart in a research report on Tuesday, February 6th. Bank of America cut their target price on shares of America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a report 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.