SG Americas Securities LLC Takes Position in America's Car-Mart, Inc. (NASDAQ:CRMT)

SG Americas Securities LLC purchased 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 disclosure with the SEC. The firm purchased 7,702 shares of the company's stock, valued at approximately $350,000. SG Americas Securities LLC owned about 0.09% of America's Car-Mart at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in America's Car-Mart in the fourth quarter worth $117,000. Aquatic Capital Management LLC grew its holdings in shares of America's Car-Mart by 249.4% in the fourth 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. grew its holdings in shares of America's Car-Mart by 17.8% in the fourth 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. increased its stake 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 worth $208,000 after buying an additional 965 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in America's Car-Mart during the 4th quarter valued at about $216,000. Hedge funds and other institutional investors own 89.10% of the company's stock.

Insider Buying and Selling at America's Car-Mart

In other news, major shareholder Adam K. Peterson sold 88,000 shares of America's Car-Mart stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the completion of the sale, the insider now directly owns 1,428,094 shares of the company's stock, valued at approximately $81,272,829.54. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 154,269 shares of company stock valued at $8,689,460 in the last three months. 19.60% of the stock is owned by corporate insiders.

America's Car-Mart Stock Performance

Shares of America's Car-Mart stock opened at $53.51 on Thursday. The firm has a 50-day simple moving average of $50.03 and a two-hundred day simple moving average of $48.70. America's Car-Mart, Inc. has a fifty-two week low of $36.40 and a fifty-two week high of $72.26. The company has a market cap of $441.99 million, a P/E ratio of 25.60, 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 issued its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $369.77 million. During the same period in the previous year, the company posted $0.06 earnings per share. The business's revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

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 research report on Friday, June 6th.

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.

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