Foster & Motley Inc. Boosts Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Foster & Motley Inc. raised its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 23.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,425 shares of the company’s stock after acquiring an additional 1,040 shares during the period. Foster & Motley Inc.’s holdings in America’s Car-Mart were worth $411,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CRMT. Vanguard Group Inc. raised its position in shares of America’s Car-Mart by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after buying an additional 5,349 shares during the period. WCM Investment Management LLC raised its position in America’s Car-Mart by 14.0% in the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock valued at $17,505,000 after purchasing an additional 27,027 shares during the period. Invesco Ltd. raised its position in America’s Car-Mart by 5.7% in the third quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock valued at $11,261,000 after purchasing an additional 6,720 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of America’s Car-Mart by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,163 shares of the company’s stock valued at $7,840,000 after purchasing an additional 1,639 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of America’s Car-Mart by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 53,057 shares of the company’s stock worth $4,828,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Down 0.5 %

Shares of NASDAQ CRMT opened at $58.41 on Thursday. America’s Car-Mart, Inc. has a twelve month low of $55.00 and a twelve month high of $127.96. The stock has a fifty day simple moving average of $61.96 and a 200-day simple moving average of $67.52.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Friday, March 8th. The company reported ($1.34) earnings per share for the quarter, missing the consensus estimate of ($1.10) by ($0.24). The firm had revenue of $299.60 million during the quarter, compared to analyst estimates of $350.95 million. America’s Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, analysts anticipate that America’s Car-Mart, Inc. will post -4.9 earnings per share for the current year.

Insider Activity

In other America’s Car-Mart news, major shareholder Adam K. Peterson bought 24,001 shares of America’s Car-Mart stock in a transaction on Wednesday, February 7th. The shares were bought at an average cost of $60.58 per share, for a total transaction of $1,453,980.58. Following the acquisition, the insider now directly owns 673,200 shares in the company, valued at $40,782,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Adam K. Peterson purchased 18,148 shares of America’s Car-Mart stock in a transaction on Monday, February 5th. The shares were bought at an average price of $59.71 per share, with a total value of $1,083,617.08. Following the transaction, the insider now directly owns 649,199 shares of the company’s stock, valued at $38,763,672.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Adam K. Peterson acquired 24,001 shares of the stock in a transaction dated Wednesday, February 7th. The shares were bought at an average cost of $60.58 per share, with a total value of $1,453,980.58. Following the completion of the transaction, the insider now owns 673,200 shares of the company’s stock, valued at approximately $40,782,456. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 83,073 shares of company stock valued at $4,966,061. 14.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRMT has been the topic of several research analyst reports. Stephens restated an “equal weight” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a report on Tuesday, February 6th. Bank of America reduced their price target on shares of America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.