GAMMA Investing LLC boosted its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 15,425.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,662 shares of the company's stock after buying an additional 13,574 shares during the quarter. GAMMA Investing LLC owned 0.17% of America's Car-Mart worth $620,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of America's Car-Mart in the fourth quarter worth about $117,000. Aquatic Capital Management LLC increased its holdings in America's Car-Mart by 249.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock worth $143,000 after purchasing an additional 1,995 shares during the last quarter. Corebridge Financial Inc. increased its holdings in America's Car-Mart by 17.8% during the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock worth $183,000 after purchasing an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $208,000 after purchasing an additional 965 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of America's Car-Mart during the 4th quarter valued at approximately $216,000. 89.10% of the stock is owned by hedge funds and other institutional investors.
America's Car-Mart Stock Performance
Shares of CRMT stock traded down $0.15 during trading hours on Thursday, hitting $48.88. 115,939 shares of the company were exchanged, compared to its average volume of 102,669. The stock has a market capitalization of $403.75 million, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.35 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 business's 50-day simple moving average is $49.46 and its two-hundred day simple moving average is $48.58.
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 the consensus estimate 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 firm had revenue of $370.17 million for the quarter, compared to analysts' expectations of $369.77 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. America's Car-Mart's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.
Insider Activity
In other America's Car-Mart 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 value of $2,940,970.00. Following the completion of the transaction, the insider now owns 1,516,094 shares of the company's stock, valued at $84,128,056.06. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders sold 154,269 shares of company stock worth $8,689,460. 19.60% of the stock is currently owned by insiders.
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 note on Friday, June 6th.
Check Out Our Latest Analysis on CRMT
About America's Car-Mart
(
Free Report)
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.
Featured Articles
Before you consider America's Car-Mart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and America's Car-Mart wasn't on the list.
While America's Car-Mart currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
