America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Acquires $30,528.00 in Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT – Get Rating) major shareholder Adam K. Peterson bought 384 shares of the stock in a transaction on Wednesday, May 24th. The shares were acquired at an average price of $79.50 per share, with a total value of $30,528.00. Following the purchase, the insider now owns 725,884 shares of the company’s stock, valued at $57,707,778. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

America’s Car-Mart Price Performance

CRMT stock traded down $4.41 on Friday, reaching $84.95. The company’s stock had a trading volume of 122,824 shares, compared to its average volume of 81,620. America’s Car-Mart, Inc. has a 52 week low of $52.24 and a 52 week high of $127.05. The company has a market capitalization of $541.13 million, a P/E ratio of 27.60 and a beta of 1.42. The firm has a fifty day moving average of $80.51 and a two-hundred day moving average of $78.61.

America’s Car-Mart (NASDAQ:CRMT – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.81). The business had revenue of $388.30 million during the quarter, compared to the consensus estimate of $367.93 million. America’s Car-Mart had a return on equity of 4.06% and a net margin of 1.42%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $4.01 earnings per share. As a group, equities analysts expect that America’s Car-Mart, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on America’s Car-Mart in a report on Thursday, May 18th. They issued a “sell” rating on the stock.

Institutional Investors Weigh In On America’s Car-Mart

Institutional investors have recently bought and sold shares of the stock. Cutler Group LLC CA bought a new stake in America’s Car-Mart during the fourth quarter worth approximately $28,000. First Horizon Advisors Inc. acquired a new position in America’s Car-Mart during the fourth quarter worth about $29,000. Quantbot Technologies LP acquired a new position in America’s Car-Mart during the first quarter worth about $48,000. Captrust Financial Advisors grew its holdings in America’s Car-Mart by 31.6% during the first quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock worth $56,000 after acquiring an additional 167 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in America’s Car-Mart by 621.0% during the first quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock worth $61,000 after acquiring an additional 652 shares during the period. Institutional investors and hedge funds own 81.16% of the company’s stock.

America’s Car-Mart Company Profile

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America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.