America's Car-Mart, Inc. $CRMT Position Lifted by Kize Capital LP

Key Points

• Kize Capital LP increased its position in America's Car-Mart by 34.5%, acquiring an additional 74,240 shares and making it the fund's 4th largest position.
• Insider Adam K. Peterson sold 88,000 shares, reducing his ownership by 5.80%, while corporate insiders collectively hold 18.50% of the company's stock.
• Wall Street Zen upgraded America's Car-Mart to a "strong-buy" rating, with the stock currently averaging a consensus price target of $50.00.

Kize Capital LP lifted its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 34.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 289,712 shares of the company's stock after buying an additional 74,240 shares during the period. America's Car-Mart makes up about 12.0% of Kize Capital LP's portfolio, making the stock its 4th largest position. Kize Capital LP owned approximately 3.51% of America's Car-Mart worth $13,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Albert D Mason Inc. grew its position in shares of America's Car-Mart by 5.0% in the 1st quarter. Albert D Mason Inc. now owns 8,964 shares of the company's stock worth $407,000 after buying an additional 425 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of America's Car-Mart by 16.6% in the 4th quarter. MetLife Investment Management LLC now owns 4,219 shares of the company's stock worth $216,000 after buying an additional 602 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of America's Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock worth $208,000 after buying an additional 965 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of America's Car-Mart by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock worth $218,000 after buying an additional 1,655 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of America's Car-Mart by 1,316.3% in the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock worth $91,000 after buying an additional 1,856 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

Insider Transactions at America's Car-Mart

In related news, major shareholder Adam K. Peterson sold 88,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the sale, the insider directly owned 1,428,094 shares of the company's stock, valued at approximately $81,272,829.54. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 154,269 shares of company stock worth $8,689,460 over the last quarter. Corporate insiders own 18.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of America's Car-Mart from a "buy" rating to a "strong-buy" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, America's Car-Mart presently has an average rating of "Strong Buy" and a consensus price target of $50.00.

America's Car-Mart Trading Down 2.3%

Shares of NASDAQ CRMT opened at $46.37 on Tuesday. America's Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $63.33. The company has a 50 day simple moving average of $51.48 and a two-hundred day simple moving average of $49.05. The stock has a market cap of $396.46 million, a price-to-earnings ratio of 22.19 and a beta of 1.32.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.87 by $0.39. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The business had revenue of $370.17 million during the quarter, compared to analysts' expectations of $369.77 million. During the same period in the previous year, the business posted $0.06 EPS. The business's quarterly revenue was up 1.5% compared to the same quarter last year. Analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

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.

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