California State Teachers Retirement System Sells 5,192 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

California State Teachers Retirement System lowered its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 90.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 527 shares of the company's stock after selling 5,192 shares during the period. California State Teachers Retirement System's holdings in America's Car-Mart were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CRMT. Kize Capital LP acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at approximately $11,043,000. SG Capital Management LLC acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at approximately $6,604,000. Divisadero Street Capital Management LP increased its holdings in shares of America's Car-Mart by 1,050.7% in the fourth quarter. Divisadero Street Capital Management LP now owns 58,687 shares of the company's stock valued at $3,008,000 after purchasing an additional 53,587 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of America's Car-Mart by 26.5% in the fourth quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock valued at $9,116,000 after purchasing an additional 37,222 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of America's Car-Mart by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 426,452 shares of the company's stock valued at $21,856,000 after purchasing an additional 30,306 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at America's Car-Mart

In other news, major shareholder Adam K. Peterson sold 53,000 shares of America's Car-Mart stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $55.49, for a total transaction of $2,940,970.00. Following the transaction, the insider now directly owns 1,516,094 shares of the company's stock, valued at $84,128,056.06. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 154,269 shares of company stock valued at $8,689,460. 19.60% of the stock is currently owned by insiders.

America's Car-Mart Stock Down 1.7%

CRMT stock traded down $0.83 during midday trading on Friday, reaching $49.17. The company's stock had a trading volume of 336,353 shares, compared to its average volume of 103,107. America's Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26. The stock has a market cap of $406.24 million, a PE ratio of -59.96, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33. The business's 50-day simple moving average is $49.27 and its 200-day simple moving average is $48.54.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.39. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm had revenue of $370.17 million for the quarter, compared to analysts' expectations of $369.77 million. During the same period last year, the firm earned $0.06 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share 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.