Charles Schwab Investment Management Inc. Has $3.93 Million Position in America's Car-Mart, Inc. $CRMT

Key Points

• Charles Schwab Investment Management Inc. increased its stake in America's Car-Mart by 14.0% during Q1, owning approximately 1.05% of the company worth $3.9 million.
• America's Car-Mart reported a quarterly EPS of $1.26, significantly beating the consensus estimate of $0.87, alongside a marginal 1.5% revenue increase year-over-year.
• The company's stock has experienced considerable interest from institutional investors, with 89.10% of its stock owned by such entities, indicating strong market confidence.

Charles Schwab Investment Management Inc. grew its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,494 shares of the company's stock after acquiring an additional 10,607 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of America's Car-Mart worth $3,926,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings 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 purchasing an additional 1,655 shares during the last quarter. Barclays PLC boosted its holdings in shares of America's Car-Mart by 114.0% in the 4th quarter. Barclays PLC now owns 21,530 shares of the company's stock valued at $1,104,000 after buying an additional 11,470 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in America's Car-Mart by 16.6% during the 4th quarter. MetLife Investment Management LLC now owns 4,219 shares of the company's stock valued at $216,000 after purchasing an additional 602 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of America's Car-Mart during the fourth quarter worth $216,000. Finally, Aquatic Capital Management LLC grew its position in America's Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after acquiring an additional 1,995 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at America's Car-Mart

In related news, major shareholder Adam K. Peterson sold 88,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total value of $5,008,080.00. Following the sale, the insider 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 154,269 shares of company stock worth $8,689,460. 18.50% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised America's Car-Mart from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of "Strong Buy" and an average target price of $50.00.

America's Car-Mart Price Performance

Shares of NASDAQ CRMT traded down $1.67 during mid-day trading on Friday, reaching $44.81. The company's stock had a trading volume of 90,079 shares, compared to its average volume of 90,202. America's Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $62.72. The stock has a fifty day moving average of $51.20 and a two-hundred day moving average of $48.93. The firm has a market capitalization of $382.90 million, a PE ratio of 21.44 and a beta of 1.32.

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

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.