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 purchased 13,550 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, April 11th. The shares were bought at an average cost of $57.87 per share, with a total value of $784,138.50. Following the completion of the transaction, the insider now directly owns 742,000 shares of the company’s stock, valued at approximately $42,939,540. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Stock Down 2.0 %

NASDAQ:CRMT opened at $55.54 on Tuesday. The stock’s 50 day moving average price is $62.90 and its two-hundred day moving average price is $69.01. The firm has a market capitalization of $354.90 million, a price-to-earnings ratio of -11.84 and a beta of 1.67. America’s Car-Mart, Inc. has a 12-month low of $55.01 and a 12-month high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data 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 business had revenue of $299.60 million during the quarter, compared to the consensus estimate 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%. America’s Car-Mart’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts expect that America’s Car-Mart, Inc. will post -4.9 EPS for the current year.

Analyst Ratings Changes

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

Institutional Trading of America’s Car-Mart

Several institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank increased its stake in shares of America’s Car-Mart by 1.5% during the third quarter. Swiss National Bank now owns 13,300 shares of the company’s stock worth $1,210,000 after purchasing an additional 200 shares during the period. WCM Investment Management LLC increased its stake in shares of America’s Car-Mart by 14.0% during the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after purchasing an additional 27,027 shares during the period. Quadrature Capital Ltd bought a new position in shares of America’s Car-Mart during the third quarter worth approximately $2,308,000. Landscape Capital Management L.L.C. increased its stake in shares of America’s Car-Mart by 26.8% during the third quarter. Landscape Capital Management L.L.C. now owns 4,003 shares of the company’s stock worth $364,000 after purchasing an additional 847 shares during the period. Finally, Graham Capital Management L.P. increased its stake in shares of America’s Car-Mart by 15.6% during the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock worth $258,000 after purchasing an additional 384 shares during the period. Institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

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.