20,694 Shares in America’s Car-Mart, Inc. $CRMT Bought by Nuveen LLC

Nuveen LLC bought a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 20,694 shares of the company’s stock, valued at approximately $939,000. Nuveen LLC owned 0.25% of America’s Car-Mart as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in America’s Car-Mart by 15,425.0% in the 1st quarter. GAMMA Investing LLC now owns 13,662 shares of the company’s stock worth $620,000 after buying an additional 13,574 shares during the period. SG Americas Securities LLC bought a new position in shares of America’s Car-Mart during the 1st quarter valued at about $350,000. D. E. Shaw & Co. Inc. bought a new position in shares of America’s Car-Mart during the 4th quarter valued at about $710,000. Deutsche Bank AG boosted its holdings in shares of America’s Car-Mart by 109.4% during the 4th quarter. Deutsche Bank AG now owns 4,555 shares of the company’s stock valued at $233,000 after purchasing an additional 2,380 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of America’s Car-Mart by 63.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company’s stock valued at $218,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Down 3.6%

CRMT opened at $44.81 on Tuesday. The firm has a 50-day simple moving average of $51.06 and a two-hundred day simple moving average of $48.89. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $62.72. The company has a market capitalization of $383.13 million, a PE ratio of 21.44 and a beta of 1.33.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.39. America’s Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The firm had revenue of $370.17 million during the quarter, compared to the consensus estimate of $369.77 million. During the same quarter last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Insider Activity at America’s Car-Mart

In related news, major shareholder Adam K. Peterson sold 88,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total value of $5,008,080.00. Following the completion of the transaction, the insider owned 1,428,094 shares of the company’s stock, valued at approximately $81,272,829.54. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 154,269 shares of company stock valued at $8,689,460. 18.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of America’s Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of $50.00.

About America’s Car-Mart

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.