7,702 Shares in America's Car-Mart, Inc. (NASDAQ:CRMT) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,702 shares of the company's stock, valued at approximately $350,000. SG Americas Securities LLC owned 0.09% of America's Car-Mart at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Flaharty Asset Management LLC lifted its position in America's Car-Mart by 75.0% in the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company's stock valued at $359,000 after buying an additional 3,000 shares during the last quarter. GAMMA Investing LLC lifted its position in America's Car-Mart by 15,425.0% in the first quarter. GAMMA Investing LLC now owns 13,662 shares of the company's stock valued at $620,000 after buying an additional 13,574 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in America's Car-Mart in the fourth quarter valued at about $710,000. Charles Schwab Investment Management Inc. lifted its position in America's Car-Mart by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock valued at $3,889,000 after buying an additional 5,734 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in America's Car-Mart by 109.4% in the fourth quarter. Deutsche Bank AG now owns 4,555 shares of the company's stock valued at $233,000 after buying an additional 2,380 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

America's Car-Mart Price Performance

Shares of NASDAQ CRMT traded up $1.77 during midday trading on Friday, hitting $55.69. The company's stock had a trading volume of 104,507 shares, compared to its average volume of 103,867. The business's fifty day simple moving average is $50.30 and its two-hundred day simple moving average is $48.58. America's Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The firm has a market capitalization of $460.00 million, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.33.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, beating the consensus estimate 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 business had revenue of $370.17 million during the quarter, compared to analyst estimates of $369.77 million. During the same quarter last year, the firm posted $0.06 earnings per share. The business's revenue for the quarter 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.

Insider Activity

In other news, major shareholder Adam K. Peterson sold 53,000 shares of the firm's stock in a transaction that occurred 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 approximately $84,128,056.06. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 154,269 shares of company stock valued at $8,689,460. 19.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.