Cubist Systematic Strategies LLC Trims Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Cubist Systematic Strategies LLC decreased its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 34.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,535 shares of the company’s stock after selling 12,105 shares during the period. Cubist Systematic Strategies LLC’s holdings in America’s Car-Mart were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRMT. EntryPoint Capital LLC acquired a new stake in shares of America’s Car-Mart in the first quarter worth approximately $178,000. Hsbc Holdings PLC purchased a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $221,000. Bayesian Capital Management LP acquired a new stake in shares of America’s Car-Mart during the 1st quarter worth $240,000. Argent Capital Management LLC purchased a new position in shares of America’s Car-Mart in the 2nd quarter worth $231,000. Finally, Sequoia Financial Advisors LLC acquired a new position in America’s Car-Mart in the second quarter valued at $245,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $41.11 on Wednesday. America’s Car-Mart, Inc. has a 1-year low of $40.31 and a 1-year high of $93.63. The company has a market capitalization of $262.78 million, a price-to-earnings ratio of -8.31, a PEG ratio of 0.78 and a beta of 1.68. The business has a 50-day moving average of $56.35 and a 200-day moving average of $59.47.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The firm had revenue of $347.76 million for the quarter, compared to analyst estimates of $338.78 million. During the same period in the previous year, the business posted $0.63 earnings per share. America’s Car-Mart’s revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts expect that America’s Car-Mart, Inc. will post 1.37 EPS for the current fiscal year.

Insider Transactions at America’s Car-Mart

In other America’s Car-Mart news, Director Joshua G. Welch purchased 23,255 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the acquisition, the director now owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Adam K. Peterson acquired 813,953 shares of America’s Car-Mart stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the purchase, the insider now directly owns 1,582,363 shares of the company’s stock, valued at approximately $68,041,609. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joshua G. Welch acquired 23,255 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the acquisition, the director now owns 148,955 shares in the company, valued at $6,405,065. The disclosure for this purchase can be found here. Corporate insiders own 14.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CRMT. BTIG Research initiated coverage on America’s Car-Mart in a report on Friday, June 7th. They issued a “neutral” rating on the stock. StockNews.com upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, America’s Car-Mart has an average rating of “Hold” and an average price target of $66.00.

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.