America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Purchases $1,083,617.08 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMTGet Free Report) major shareholder Adam K. Peterson purchased 18,148 shares of the stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $59.71 per share, with a total value of $1,083,617.08. Following the acquisition, the insider now directly owns 649,199 shares in the company, valued at $38,763,672.29. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Trading Up 5.3 %

Shares of NASDAQ:CRMT opened at $65.82 on Friday. The company has a market capitalization of $420.59 million, a PE ratio of -21.10 and a beta of 1.69. America’s Car-Mart, Inc. has a twelve month low of $57.61 and a twelve month high of $127.96. The firm has a 50 day simple moving average of $66.56 and a 200-day simple moving average of $82.64.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported ($4.30) EPS for the quarter, missing the consensus estimate of $0.79 by ($5.09). America’s Car-Mart had a negative net margin of 1.36% and a negative return on equity of 3.99%. The business had revenue of $361.60 million during the quarter, compared to analysts’ expectations of $363.76 million. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that America’s Car-Mart, Inc. will post -1.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TheStreet cut shares of America’s Car-Mart from a “c” rating to a “d+” rating in a report on Tuesday, December 5th. Stephens restated an “equal weight” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research report on Tuesday. Finally, StockNews.com downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

Read Our Latest Stock Report on CRMT

Institutional Trading of America’s Car-Mart

Several institutional investors and hedge funds have recently bought and sold shares of CRMT. Anchor Investment Management LLC purchased a new stake in America’s Car-Mart in the 4th quarter valued at $25,000. Quest Partners LLC purchased a new stake in America’s Car-Mart in the 4th quarter valued at $48,000. Quantbot Technologies LP purchased a new stake in America’s Car-Mart in the 1st quarter valued at $48,000. Captrust Financial Advisors raised its position in America’s Car-Mart by 31.6% in the 1st quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock valued at $56,000 after purchasing an additional 167 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its position in America’s Car-Mart by 621.0% in the 1st quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock valued at $61,000 after purchasing an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

(Get 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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