PDT Partners LLC Buys New Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

PDT Partners LLC bought a new stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 23,229 shares of the company’s stock, valued at approximately $974,000. PDT Partners LLC owned approximately 0.36% of America’s Car-Mart at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRMT. Sentry Investment Management LLC acquired a new position in shares of America’s Car-Mart in the third quarter valued at approximately $113,000. Hsbc Holdings PLC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at $221,000. Argent Capital Management LLC purchased a new position in America’s Car-Mart in the second quarter valued at $231,000. Sequoia Financial Advisors LLC acquired a new position in America’s Car-Mart during the 2nd quarter worth $245,000. Finally, Foster & Motley Inc. increased its holdings in America’s Car-Mart by 20.3% during the 2nd quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock worth $393,000 after purchasing an additional 1,100 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Stock Performance

NASDAQ:CRMT opened at $46.16 on Monday. America’s Car-Mart, Inc. has a 1 year low of $37.98 and a 1 year high of $83.07. The stock has a market cap of $295.42 million, a P/E ratio of -8.06, a P/E/G ratio of 1.93 and a beta of 1.67. The stock has a 50-day simple moving average of $42.24 and a 200-day simple moving average of $53.86.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). The business had revenue of $347.76 million during the quarter, compared to analyst estimates of $338.78 million. America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. On average, equities research analysts predict that America’s Car-Mart, Inc. will post 0.65 EPS for the current year.

Insider Activity at America’s Car-Mart

In other news, major shareholder Adam K. Peterson bought 813,953 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, the insider now owns 1,582,363 shares of the company’s stock, valued at approximately $68,041,609. This trade represents a 105.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joshua G. Welch bought 23,255 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the transaction, the director now owns 148,955 shares in the company, valued at approximately $6,405,065. This trade represents a 18.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. Stephens began coverage on shares of America’s Car-Mart in a report on Wednesday, November 13th. They set an “equal weight” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.