7,451 Shares in America’s Car-Mart, Inc. (NASDAQ:CRMT) Purchased by Platform Technology Partners

Platform Technology Partners purchased a new stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the third quarter, HoldingsChannel reports. The fund purchased 7,451 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors have also bought and sold shares of CRMT. Rhumbline Advisers boosted its holdings in shares of America’s Car-Mart by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after purchasing an additional 381 shares during the period. BOKF NA boosted its stake in America’s Car-Mart by 1.9% during the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after buying an additional 453 shares during the period. American Century Companies Inc. increased its position in America’s Car-Mart by 12.1% during the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock valued at $504,000 after acquiring an additional 905 shares during the last quarter. Foster & Motley Inc. raised its stake in shares of America’s Car-Mart by 20.3% in the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after acquiring an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of America’s Car-Mart by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock worth $1,559,000 after acquiring an additional 1,963 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, America’s Car-Mart presently has an average rating of “Hold” and a consensus target price of $66.00.

America’s Car-Mart Trading Down 3.5 %

Shares of CRMT opened at $42.00 on Wednesday. The firm has a market capitalization of $268.67 million, a P/E ratio of -7.33, a P/E/G ratio of 1.24 and a beta of 1.67. America’s Car-Mart, Inc. has a 12-month low of $37.98 and a 12-month high of $85.68. The firm has a fifty day moving average price of $43.80 and a 200-day moving average price of $55.47.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $338.78 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts predict that America’s Car-Mart, Inc. will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In other America’s Car-Mart news, major shareholder Adam K. Peterson acquired 813,953 shares of the company’s stock in a transaction dated 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 completion of the purchase, the insider now owns 1,582,363 shares in the company, valued at approximately $68,041,609. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Adam K. Peterson bought 813,953 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the purchase, the insider now directly owns 1,582,363 shares of the company’s stock, valued at approximately $68,041,609. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joshua G. Welch purchased 23,255 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the transaction, the director now owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is owned by company insiders.

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.