America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Sells $2,940,970.00 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Adam K. Peterson sold 53,000 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $55.49, for a total value of $2,940,970.00. Following the sale, the insider now directly owns 1,516,094 shares of the company’s stock, valued at approximately $84,128,056.06. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

America’s Car-Mart Stock Down 1.7%

CRMT opened at $49.17 on Friday. America’s Car-Mart, Inc. has a 52-week low of $36.40 and a 52-week high of $72.26. The company has a 50 day moving average of $49.27 and a two-hundred day moving average of $48.53. The company has a market cap of $406.24 million, a P/E ratio of -59.96, a P/E/G ratio of 1.41 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On America’s Car-Mart

Several institutional investors and hedge funds have recently modified their holdings of CRMT. Nantahala Capital Management LLC raised its holdings in shares of America’s Car-Mart by 18.4% during the 1st quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company’s stock valued at $29,262,000 after buying an additional 100,000 shares during the period. Vanguard Group Inc. boosted its holdings in America’s Car-Mart by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 440,347 shares of the company’s stock worth $19,987,000 after acquiring an additional 13,895 shares during the period. Kize Capital LP grew its position in America’s Car-Mart by 34.5% in the first quarter. Kize Capital LP now owns 289,712 shares of the company’s stock valued at $13,150,000 after acquiring an additional 74,240 shares in the last quarter. North Reef Capital Management LP raised its stake in shares of America’s Car-Mart by 7.9% during the fourth quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock valued at $11,634,000 after purchasing an additional 16,593 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of America’s Car-Mart by 11.0% during the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock worth $8,890,000 after purchasing an additional 19,389 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

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.