American Century Companies Inc. Increases Holdings in America’s Car-Mart, Inc. $CRMT

American Century Companies Inc. increased its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 18.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,706 shares of the company’s stock after buying an additional 2,173 shares during the quarter. American Century Companies Inc. owned about 0.17% of America’s Car-Mart worth $622,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in America’s Car-Mart in the first quarter valued at $939,000. Charles Schwab Investment Management Inc. raised its position in America’s Car-Mart by 14.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 86,494 shares of the company’s stock valued at $3,926,000 after purchasing an additional 10,607 shares during the period. Vanguard Group Inc. raised its position in America’s Car-Mart by 3.3% in the first quarter. Vanguard Group Inc. now owns 440,347 shares of the company’s stock valued at $19,987,000 after purchasing an additional 13,895 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of America’s Car-Mart by 9.4% in the 1st quarter. Bank of New York Mellon Corp now owns 21,894 shares of the company’s stock valued at $994,000 after buying an additional 1,889 shares during the period. Finally, Albert D Mason Inc. raised its holdings in shares of America’s Car-Mart by 5.0% in the 1st quarter. Albert D Mason Inc. now owns 8,964 shares of the company’s stock valued at $407,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded America’s Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Monday. One 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 target price of $50.00.

America’s Car-Mart Stock Performance

CRMT opened at $36.51 on Friday. America’s Car-Mart, Inc. has a one year low of $34.02 and a one year high of $62.72. The company has a market cap of $312.16 million, a P/E ratio of 17.47 and a beta of 1.33. The business’s 50-day simple moving average is $50.33 and its 200-day simple moving average is $48.74.

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

Insider Activity

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

America’s Car-Mart Profile

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.