Adam K. Peterson Sells 13,269 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson sold 13,269 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $55.80, for a total transaction of $740,410.20. Following the sale, the insider now directly owns 1,569,094 shares of the company’s stock, valued at approximately $87,555,445.20. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Trading Down 1.7%

Shares of America’s Car-Mart stock opened at $49.17 on Friday. The company has a fifty day moving average price of $49.27 and a 200 day moving average price of $48.53. The stock has a market cap of $406.24 million, a price-to-earnings ratio of -59.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33. America’s Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.39. The company had revenue of $370.17 million during the quarter, compared to analysts’ expectations of $369.77 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. Analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, June 6th.

Hedge Funds Weigh In On America’s Car-Mart

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in America’s Car-Mart by 492.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after buying an additional 990 shares during the last quarter. AlphaQuest LLC boosted its position in America’s Car-Mart by 1,316.3% in the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company’s stock valued at $91,000 after buying an additional 1,856 shares during the last quarter. Quantbot Technologies LP purchased a new position in America’s Car-Mart in the 4th quarter valued at about $117,000. Aquatic Capital Management LLC boosted its position in America’s Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after buying an additional 1,995 shares during the last quarter. Finally, Corebridge Financial Inc. raised its stake in shares of America’s Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after purchasing an additional 539 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

America’s Car-Mart Company Profile

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.