California State Teachers Retirement System Sells 2,200 Shares of America’s Car-Mart, Inc. (CRMT)

California State Teachers Retirement System lowered its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,347 shares of the company’s stock after selling 2,200 shares during the quarter. California State Teachers Retirement System owned about 0.18% of America’s Car-Mart worth $519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CRMT. Vanguard Group Inc. increased its holdings in America’s Car-Mart by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock worth $11,956,000 after acquiring an additional 18,331 shares during the last quarter. Geode Capital Management LLC increased its holdings in America’s Car-Mart by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock worth $2,245,000 after acquiring an additional 3,130 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in America’s Car-Mart by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock worth $20,058,000 after acquiring an additional 35,398 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in America’s Car-Mart by 4.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock worth $1,196,000 after acquiring an additional 1,368 shares during the last quarter. Finally, WCM Investment Management CA increased its holdings in America’s Car-Mart by 1.0% in the 2nd quarter. WCM Investment Management CA now owns 206,657 shares of the company’s stock worth $8,039,000 after acquiring an additional 2,015 shares during the last quarter. 83.85% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on CRMT shares. ValuEngine lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised America’s Car-Mart from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Stephens assumed coverage on America’s Car-Mart in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price for the company. Finally, Jefferies Group lifted their target price on America’s Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th.

America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at $45.75 on Thursday. The firm has a market capitalization of $330.87, a PE ratio of 16.70 and a beta of 0.94. America’s Car-Mart, Inc. has a twelve month low of $30.20 and a twelve month high of $49.40.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The business had revenue of $149.12 million during the quarter, compared to analyst estimates of $149.63 million. America’s Car-Mart had a return on equity of 9.09% and a net margin of 3.58%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. analysts predict that America’s Car-Mart, Inc. will post 3.04 earnings per share for the current year.

America’s Car-Mart announced that its Board of Directors has initiated a share buyback plan on Thursday, November 16th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, CEO William H. Henderson sold 6,250 shares of America’s Car-Mart stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the sale, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,798,336. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Cameron Smith sold 1,875 shares of America’s Car-Mart stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $48.61, for a total value of $91,143.75. Following the sale, the director now owns 3,550 shares of the company’s stock, valued at approximately $172,565.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,725 shares of company stock valued at $471,150 in the last ninety days. Insiders own 11.70% of the company’s stock.

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America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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