America's Car-Mart, Inc. $CRMT Shares Acquired by Nantahala Capital Management LLC

Key Points

• Nantahala Capital Management LLC increased its stake in America's Car-Mart by 18.4%, owning a total of 644,686 shares valued at approximately $29.26 million.
• Major shareholder Adam K. Peterson sold 88,000 shares at an average price of $56.91, leading to a 5.80% decrease in their ownership.
• Analysts recently adjusted America's Car-Mart's rating from "strong-buy" to "buy", with a consensus price target of $50.00.

Nantahala Capital Management LLC raised its holdings in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 18.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 644,686 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. America's Car-Mart accounts for about 1.2% of Nantahala Capital Management LLC's holdings, making the stock its 11th biggest position. Nantahala Capital Management LLC owned approximately 7.80% of America's Car-Mart worth $29,262,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CRMT. AlphaQuest LLC boosted its holdings in America's Car-Mart by 1,316.3% in the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock valued at $91,000 after purchasing an additional 1,856 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in America's Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after purchasing an additional 1,995 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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. MetLife Investment Management LLC boosted its stake in shares of 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 worth $216,000 after acquiring an additional 602 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of America's Car-Mart during the 4th quarter worth approximately $216,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

America's Car-Mart Stock Performance

CRMT stock traded down $8.14 on Thursday, reaching $36.51. The company had a trading volume of 980,123 shares, compared to its average volume of 97,792. America's Car-Mart, Inc. has a 1 year low of $34.02 and a 1 year high of $62.72. The company's fifty day moving average is $50.33 and its 200 day moving average is $48.74. The company has a market cap of $312.16 million, a P/E ratio of 17.47 and a beta of 1.33.

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, beating the consensus estimate of $0.87 by $0.39. The company had revenue of $370.17 million during the quarter, compared to the consensus estimate of $369.77 million. America's Car-Mart had a return on equity of 2.01% and a net margin of 1.29%.America's Car-Mart's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 EPS. On average, sell-side analysts predict that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other America's Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider directly owned 1,428,094 shares in the company, valued at approximately $81,272,829.54. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 154,269 shares of company stock valued at $8,689,460. Insiders own 18.50% of the company's stock.

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.