America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 15,425.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,662 shares of the company's stock after buying an additional 13,574 shares during the period. GAMMA Investing LLC owned 0.17% of America's Car-Mart worth $620,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRMT. Flaharty Asset Management LLC boosted its stake in America's Car-Mart by 75.0% during the 4th quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company's stock worth $359,000 after purchasing an additional 3,000 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in America's Car-Mart during the 4th quarter worth $710,000. Charles Schwab Investment Management Inc. boosted its stake in America's Car-Mart by 8.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock worth $3,889,000 after purchasing an additional 5,734 shares during the period. Deutsche Bank AG boosted its stake in America's Car-Mart by 109.4% during the 4th quarter. Deutsche Bank AG now owns 4,555 shares of the company's stock worth $233,000 after purchasing an additional 2,380 shares during the period. Finally, Rhumbline Advisers boosted its stake in America's Car-Mart by 5.8% during the 4th quarter. Rhumbline Advisers now owns 10,235 shares of the company's stock worth $525,000 after purchasing an additional 564 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

Insider Transactions at America's Car-Mart

In other news, major shareholder Adam K. Peterson sold 88,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total value of $5,008,080.00. Following the completion of the sale, the insider now owns 1,428,094 shares in the company, valued at approximately $81,272,829.54. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 154,269 shares of company stock worth $8,689,460. Company insiders own 19.60% of the company's stock.

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.

America's Car-Mart Stock Up 5.0%

NASDAQ:CRMT traded up $2.42 during trading hours on Friday, reaching $51.30. 347,457 shares of the company's stock were exchanged, compared to its average volume of 103,491. The firm has a market capitalization of $423.74 million, a price-to-earnings ratio of 24.55, a P/E/G ratio of 0.37 and a beta of 1.33. The company has a 50-day moving average of $49.61 and a 200 day moving average of $48.63. America's Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $370.17 million during the quarter, compared to analysts' expectations of $369.77 million. During the same quarter in the prior year, the business earned $0.06 EPS. America's Car-Mart's quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

America's Car-Mart 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.