Vanguard Group Inc. Has $19.99 Million Position in America's Car-Mart, Inc. $CRMT

Key Points

• Vanguard Group Inc. increased its stake in America's Car-Mart by 3.3% in Q1, owning approximately 5.33% of the company, valued at nearly $20 million.
• Institutional investors own about 89.10% of America's Car-Mart's stock, with notable increases in holdings from several firms in the last quarter.
• America's Car-Mart reported earnings of $1.26 per share for its latest quarter, surpassing analyst expectations of $0.87, with a revenue of $370.17 million.

Vanguard Group Inc. boosted its holdings in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 440,347 shares of the company's stock after acquiring an additional 13,895 shares during the quarter. Vanguard Group Inc. owned 5.33% of America's Car-Mart worth $19,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted 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 in the last quarter. SG Americas Securities LLC acquired a new position in shares of America's Car-Mart during the first quarter worth approximately $350,000. D. E. Shaw & Co. Inc. acquired a new position in shares of America's Car-Mart during the fourth quarter worth approximately $710,000. Deutsche Bank AG raised its stake in shares of America's Car-Mart by 109.4% during the fourth quarter. Deutsche Bank AG now owns 4,555 shares of the company's stock worth $233,000 after buying an additional 2,380 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of America's Car-Mart by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock worth $218,000 after buying an additional 1,655 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson sold 88,000 shares of the 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 transaction, the insider owned 1,428,094 shares in the company, valued at approximately $81,272,829.54. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 154,269 shares of company stock worth $8,689,460 in the last ninety days. Corporate insiders own 18.50% of the company's stock.

Analyst Ratings Changes

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

America's Car-Mart Stock Down 23.3%

CRMT traded down $10.39 during trading hours on Thursday, hitting $34.26. 292,479 shares of the company's stock were exchanged, compared to its average volume of 93,018. America's Car-Mart, Inc. has a 1-year low of $34.02 and a 1-year high of $62.72. The stock's 50-day moving average is $50.67 and its two-hundred day moving average is $48.83. The stock has a market cap of $292.96 million, a price-to-earnings ratio of 16.41 and a beta of 1.33.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its earnings results on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, topping 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 analysts' expectations of $369.77 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

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.