America’s Car-Mart (NASDAQ:CRMT) Major Shareholder Sells $100,720.00 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam Peterson sold 8,000 shares of the company’s 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 sale, the insider owned 1,119,875 shares of the company’s stock, valued at $14,099,226.25. This represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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 4.1%

NASDAQ CRMT opened at $12.71 on Friday. The stock has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $20.92. The company has a market capitalization of $105.52 million, a PE ratio of -1.12 and a beta of 1.27. America’s Car-Mart, Inc. has a 12 month low of $10.58 and a 12 month high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, March 12th. The company reported ($1.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($1.27). The company had revenue of $222.62 million during the quarter, compared to the consensus estimate 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%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of America’s Car-Mart by 2.5% in the third quarter. Vanguard Group Inc. now owns 454,282 shares of the company’s stock worth $13,270,000 after acquiring an additional 11,002 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of America’s Car-Mart by 26.8% in the third quarter. Prescott Group Capital Management L.L.C. now owns 322,035 shares of the company’s stock worth $9,407,000 after acquiring an additional 67,999 shares in the last quarter. North Reef Capital Management LP increased its holdings in shares of America’s Car-Mart by 19.5% in the third quarter. North Reef Capital Management LP now owns 270,190 shares of the company’s stock worth $7,892,000 after acquiring an additional 44,145 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of America’s Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock worth $8,890,000 after acquiring an additional 19,389 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of America’s Car-Mart by 42.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 192,025 shares of the company’s stock worth $4,851,000 after acquiring an additional 56,998 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Company Profile

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.