America's Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Adam K. Peterson Sells 53,000 Shares

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) 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 completion of the transaction, the insider now owns 1,516,094 shares in the company, valued at $84,128,056.06. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

America's Car-Mart Price Performance

Shares of CRMT stock traded down $6.91 during trading hours on Thursday, hitting $50.83. The stock had a trading volume of 148,175 shares, compared to its average volume of 101,727. The stock has a market capitalization of $419.96 million, a price-to-earnings ratio of -61.99, a PEG ratio of 1.41 and a beta of 1.33. America's Car-Mart, Inc. has a one year low of $36.40 and a one year high of $72.26. The stock's 50-day moving average price is $49.03 and its two-hundred day moving average price is $48.50.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its earnings results on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.39. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts predict that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, June 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of America's Car-Mart by 2.2% in the 1st quarter. Rhumbline Advisers now owns 10,464 shares of the company's stock valued at $475,000 after purchasing an additional 229 shares during the last quarter. Flaharty Asset Management LLC increased its position in America's Car-Mart by 21.4% during the first quarter. Flaharty Asset Management LLC now owns 8,500 shares of the company's stock valued at $386,000 after acquiring an additional 1,500 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of America's Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company's stock valued at $8,890,000 after acquiring an additional 19,389 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of America's Car-Mart by 492.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock worth $54,000 after acquiring an additional 990 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of America's Car-Mart by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock worth $196,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 89.10% of the company's stock.

America's Car-Mart Company Profile

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.