California State Teachers Retirement System Sells 242 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

California State Teachers Retirement System lowered its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,503 shares of the company’s stock after selling 242 shares during the period. California State Teachers Retirement System owned 0.12% of America’s Car-Mart worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Horrell Capital Management Inc. lifted its holdings in shares of America’s Car-Mart by 0.6% during the first quarter. Horrell Capital Management Inc. now owns 29,514 shares of the company’s stock worth $2,338,000 after buying an additional 184 shares in the last quarter. First Sabrepoint Capital Management LP boosted its holdings in America’s Car-Mart by 53.5% in the 4th quarter. First Sabrepoint Capital Management LP now owns 30,763 shares of the company’s stock valued at $2,223,000 after purchasing an additional 10,727 shares during the period. Swiss National Bank boosted its holdings in America’s Car-Mart by 4.2% in the 4th quarter. Swiss National Bank now owns 15,000 shares of the company’s stock valued at $1,084,000 after purchasing an additional 600 shares during the period. Versor Investments LP acquired a new position in shares of America’s Car-Mart during the 1st quarter worth approximately $207,000. Finally, Forest Hill Capital LLC increased its holdings in shares of America’s Car-Mart by 13.3% during the fourth quarter. Forest Hill Capital LLC now owns 39,261 shares of the company’s stock worth $2,837,000 after purchasing an additional 4,600 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stephens raised America’s Car-Mart from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $135.00 in a research report on Monday, July 17th. StockNews.com began coverage on America’s Car-Mart in a research report on Thursday, August 17th. They issued a “sell” rating on the stock.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson sold 10,031 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.49, for a total transaction of $1,208,635.19. Following the completion of the transaction, the insider now owns 646,551 shares of the company’s stock, valued at approximately $77,902,929.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Adam K. Peterson sold 10,031 shares of America’s Car-Mart stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $120.49, for a total transaction of $1,208,635.19. Following the sale, the insider now directly owns 646,551 shares of the company’s stock, valued at approximately $77,902,929.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Adam K. Peterson sold 4,216 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $119.30, for a total transaction of $502,968.80. Following the completion of the transaction, the insider now directly owns 656,582 shares of the company’s stock, valued at approximately $78,330,232.60. The disclosure for this sale can be found here. Corporate insiders own 14.10% of the company’s stock.

America’s Car-Mart Trading Up 2.0 %

NASDAQ CRMT opened at $113.53 on Tuesday. The firm’s 50 day simple moving average is $109.20 and its 200 day simple moving average is $92.86. The firm has a market capitalization of $744.76 million, a price-to-earnings ratio of 37.47 and a beta of 1.45. America’s Car-Mart, Inc. has a 1 year low of $52.24 and a 1 year high of $127.96.

America’s Car-Mart 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.