Insider Buying: America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Purchases 13,550 Shares of Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson bought 13,550 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were purchased at an average price of $57.87 per share, with a total value of $784,138.50. Following the completion of the acquisition, the insider now owns 742,000 shares of the company’s stock, valued at approximately $42,939,540. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

America’s Car-Mart Price Performance

CRMT stock traded down $1.12 during trading on Monday, reaching $55.54. The company had a trading volume of 114,242 shares, compared to its average volume of 123,551. America’s Car-Mart, Inc. has a 52 week low of $55.01 and a 52 week high of $127.96. The company has a market cap of $354.90 million, a P/E ratio of -11.84 and a beta of 1.67. The business has a 50 day moving average of $63.04 and a 200 day moving average of $69.26.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Friday, March 8th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). America’s Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The company had revenue of $299.60 million during the quarter, compared to the consensus estimate of $350.95 million. During the same period in the previous year, the company earned $0.23 earnings per share. America’s Car-Mart’s quarterly revenue was down 7.9% on a year-over-year basis. Research analysts expect that America’s Car-Mart, Inc. will post -4.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CRMT shares. Stephens reiterated an “equal weight” rating and set a $82.00 target price on shares of America’s Car-Mart in a report on Tuesday, February 6th. Bank of America decreased 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.

Hedge Funds Weigh In On America’s Car-Mart

Institutional investors and hedge funds have recently made changes to their positions in the business. Swiss National Bank increased its stake in shares of America’s Car-Mart by 1.5% during the third quarter. Swiss National Bank now owns 13,300 shares of the company’s stock valued at $1,210,000 after purchasing an additional 200 shares in the last quarter. WCM Investment Management LLC increased its position in shares of America’s Car-Mart by 14.0% during the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock valued at $17,505,000 after acquiring an additional 27,027 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of America’s Car-Mart during the third quarter valued at approximately $2,308,000. Landscape Capital Management L.L.C. increased its position in shares of America’s Car-Mart by 26.8% during the third quarter. Landscape Capital Management L.L.C. now owns 4,003 shares of the company’s stock valued at $364,000 after acquiring an additional 847 shares in the last quarter. Finally, Graham Capital Management L.P. increased its position in shares of America’s Car-Mart by 15.6% during the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock valued at $258,000 after acquiring an additional 384 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

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.