America’s Car-Mart (NASDAQ:CRMT – Get Free Report)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BTIG Research in a report issued on Monday,Benzinga reports.
A number of other brokerages also recently issued reports on CRMT. Jefferies Financial Group reduced their price target on America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. Wall Street Zen raised shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, America’s Car-Mart presently has a consensus rating of “Hold” and a consensus target price of $29.50.
View Our Latest Analysis on CRMT
America’s Car-Mart Trading Up 15.3%
Insider Buying and Selling at America’s Car-Mart
In other news, major shareholder Adam K. Peterson sold 8,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $12.59, for a total transaction of $100,720.00. Following the sale, the insider directly owned 1,119,875 shares of the company’s stock, valued at $14,099,226.25. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On America’s Car-Mart
A number of large investors have recently made changes to their positions in the stock. Quantinno Capital Management LP grew its holdings in shares of America’s Car-Mart by 41.4% during the first quarter. Quantinno Capital Management LP now owns 45,899 shares of the company’s stock valued at $584,000 after buying an additional 13,434 shares during the last quarter. North Reef Capital Management LP grew its holdings in shares of America’s Car-Mart by 6.8% during the first quarter. North Reef Capital Management LP now owns 258,637 shares of the company’s stock valued at $3,292,000 after buying an additional 16,450 shares during the last quarter. Platform Technology Partners grew its holdings in shares of America’s Car-Mart by 24.5% during the first quarter. Platform Technology Partners now owns 25,400 shares of the company’s stock valued at $323,000 after buying an additional 5,000 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of America’s Car-Mart during the fourth quarter valued at $313,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in America’s Car-Mart in the fourth quarter valued at $520,000. 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 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.
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