America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Adam K. Peterson Acquires 8,500 Shares of Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson acquired 8,500 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of $57.85 per share, for a total transaction of $491,725.00. Following the completion of the transaction, the insider now owns 728,450 shares in the company, valued at approximately $42,140,832.50. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

America’s Car-Mart Stock Up 0.7 %

NASDAQ CRMT opened at $59.03 on Friday. The firm’s fifty day moving average price is $63.32 and its 200 day moving average price is $70.56. America’s Car-Mart, Inc. has a 12 month low of $57.61 and a 12 month high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Friday, March 8th. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). The company had revenue of $299.60 million during the quarter, compared to analysts’ expectations of $350.95 million. America’s Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share. Equities analysts anticipate that America’s Car-Mart, Inc. will post -4.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Stephens reissued an “equal weight” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a research report on Tuesday, February 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRMT. US Bancorp DE grew its position in shares of America’s Car-Mart by 121.1% in the 1st quarter. US Bancorp DE now owns 3,798 shares of the company’s stock valued at $306,000 after buying an additional 2,080 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in America’s Car-Mart during the 1st quarter worth $273,000. MetLife Investment Management LLC boosted its stake in America’s Car-Mart by 59.3% during the 1st quarter. MetLife Investment Management LLC now owns 3,322 shares of the company’s stock worth $268,000 after purchasing an additional 1,236 shares during the period. Rhumbline Advisers boosted its stake in America’s Car-Mart by 2.3% during the 1st quarter. Rhumbline Advisers now owns 16,198 shares of the company’s stock worth $1,305,000 after purchasing an additional 359 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in America’s Car-Mart by 13.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,219 shares of the company’s stock worth $420,000 after purchasing an additional 624 shares during the period. 89.10% of the stock is owned by hedge funds and other institutional investors.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.