Adam Peterson Sells 8,000 Shares of America’s Car-Mart (NASDAQ:CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam Peterson sold 8,000 shares of America’s Car-Mart stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $12.59, for a total value of $100,720.00. Following the completion of the transaction, the insider directly owned 1,119,875 shares of the company’s stock, valued at approximately $14,099,226.25. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

America’s Car-Mart Price Performance

NASDAQ CRMT opened at $12.21 on Friday. The company has a market cap of $101.34 million, a P/E ratio of -1.07 and a beta of 1.27. The stock has a 50-day moving average of $14.62 and a two-hundred day moving average of $20.92. America’s Car-Mart, Inc. has a 1-year low of $10.58 and a 1-year high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, March 12th. The company reported ($1.53) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.27). The firm had revenue of $222.62 million during the quarter, compared to analyst estimates of $329.26 million. America’s Car-Mart had a negative net margin of 6.99% and a negative return on equity of 2.63%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased their price objective on America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, America’s Car-Mart presently has a consensus rating of “Hold” and an average target price of $29.50.

Institutional Investors Weigh In On America’s Car-Mart

Several institutional investors have recently added to or reduced their stakes in CRMT. Jones Financial Companies Lllp lifted its stake in America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after purchasing an additional 990 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in America’s Car-Mart by 48.2% in the third quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock valued at $108,000 after buying an additional 1,203 shares during the last quarter. Deutsche Bank AG lifted its stake in America’s Car-Mart by 12.1% in the fourth quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock valued at $112,000 after buying an additional 482 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in America’s Car-Mart by 264.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after buying an additional 1,747 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of America’s Car-Mart in the third quarter valued at approximately $137,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.