Quadrature Capital Ltd Decreases Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Quadrature Capital Ltd lessened its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMTFree Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,390 shares of the company’s stock after selling 981 shares during the period. Quadrature Capital Ltd owned about 0.38% of America’s Car-Mart worth $1,855,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ballast Asset Management LP purchased a new position in shares of America’s Car-Mart in the third quarter worth about $2,705,000. WCM Investment Management LLC increased its stake in shares of America’s Car-Mart by 14.0% in 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of America’s Car-Mart by 920.6% in the fourth quarter. BNP Paribas Financial Markets now owns 17,310 shares of the company’s stock worth $1,312,000 after purchasing an additional 15,614 shares in the last quarter. Yacktman Asset Management LP increased its stake in shares of America’s Car-Mart by 70.0% in the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock worth $2,576,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of America’s Car-Mart by 5.7% in the third quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock worth $11,261,000 after purchasing an additional 6,720 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 a number of analyst reports. Bank of America cut their price objective on shares of 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. BTIG Research initiated coverage on shares of America’s Car-Mart in a research report on Friday. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

Read Our Latest Research Report on CRMT

Insider Transactions at America’s Car-Mart

In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of the stock in a transaction dated Monday, April 8th. The shares were purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the purchase, the chief executive officer now directly owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Douglas W. Jr. Campbell bought 3,229 shares of America’s Car-Mart stock in a transaction that occurred on Monday, April 8th. The stock was bought at an average cost of $61.62 per share, with a total value of $198,970.98. Following the acquisition, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Adam K. Peterson bought 8,500 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, April 4th. The stock was purchased at an average cost of $57.85 per share, with a total value of $491,725.00. Following the completion of the acquisition, the insider now directly owns 728,450 shares in the company, valued at approximately $42,140,832.50. The disclosure for this purchase can be found here. Insiders have acquired 36,779 shares of company stock worth $2,166,789 in the last quarter. Company insiders own 14.10% of the company’s stock.

America’s Car-Mart Stock Down 7.3 %

NASDAQ:CRMT opened at $60.59 on Monday. The firm’s 50-day moving average price is $60.31 and its 200-day moving average price is $64.27. America’s Car-Mart, Inc. has a 1-year low of $55.00 and a 1-year high of $127.96.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last posted its earnings results 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). 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 prior year, the company posted $0.23 EPS. America’s Car-Mart’s revenue was down 7.9% on a year-over-year basis. As a group, sell-side analysts predict that America’s Car-Mart, Inc. will post -4.9 EPS for the current fiscal year.

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.

See Also

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

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