Dimensional Fund Advisors LP Cuts Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Dimensional Fund Advisors LP trimmed its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMTFree Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 353,438 shares of the company’s stock after selling 6,959 shares during the period. Dimensional Fund Advisors LP owned 5.53% of America’s Car-Mart worth $26,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Illinois Municipal Retirement Fund purchased a new position in shares of America’s Car-Mart during the 3rd quarter worth about $371,000. Swiss National Bank boosted its stake in shares of America’s Car-Mart by 1.5% during the 3rd 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. Landscape Capital Management L.L.C. boosted its stake in shares of America’s Car-Mart by 26.8% during the 3rd 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. Charles Schwab Investment Management Inc. boosted its stake in shares of America’s Car-Mart by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,163 shares of the company’s stock worth $7,840,000 after purchasing an additional 1,639 shares during the period. Finally, Platform Technology Partners purchased a new position in shares of America’s Car-Mart during the 3rd quarter worth about $269,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRMT. Stephens reaffirmed an “equal weight” rating and set a $82.00 price target on shares of America’s Car-Mart in a research note on Tuesday, February 6th. Bank of America dropped their price target 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.

View Our Latest Report on America’s Car-Mart

America’s Car-Mart Price Performance

Shares of CRMT opened at $60.27 on Monday. America’s Car-Mart, Inc. has a 1-year low of $55.00 and a 1-year high of $127.96. The company has a 50-day moving average of $60.39 and a 200 day moving average of $64.83. The firm has a market capitalization of $385.13 million, a price-to-earnings ratio of -12.85, a PEG ratio of 2.24 and a beta of 1.67.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last announced its quarterly earnings data on Friday, March 8th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). America’s Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The company had revenue of $299.60 million for the quarter, compared to the consensus estimate of $350.95 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities analysts anticipate that America’s Car-Mart, Inc. will post -4.9 earnings per share for the current fiscal year.

Insider Activity

In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell purchased 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The stock was acquired at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the acquisition, the chief executive officer now owns 70,841 shares in the company, valued at approximately $4,365,222.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell purchased 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The stock was acquired at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the acquisition, the chief executive officer now owns 70,841 shares in the company, valued at approximately $4,365,222.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Adam K. Peterson acquired 4,145 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $63.13 per share, for a total transaction of $261,673.85. Following the transaction, the insider now owns 700,450 shares in the company, valued at $44,219,408.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 40,924 shares of company stock worth $2,428,463. 14.10% of the stock is currently owned by corporate insiders.

About America’s Car-Mart

(Free Report)

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.

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Institutional Ownership by Quarter for America's Car-Mart (NASDAQ:CRMT)

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