America's Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Sells $740,410.20 in Stock

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) major shareholder Adam K. Peterson sold 13,269 shares of America's Car-Mart stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $55.80, for a total transaction of $740,410.20. Following the completion of the sale, the insider now directly owns 1,569,094 shares in the company, valued at approximately $87,555,445.20. The trade was a 0.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

America's Car-Mart Stock Performance

Shares of CRMT traded down $6.46 during midday trading on Thursday, hitting $51.28. 149,224 shares of the stock traded hands, compared to its average volume of 87,878. America's Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26. The business's 50 day moving average price is $49.03 and its two-hundred day moving average price is $48.50. The firm has a market capitalization of $423.68 million, a PE ratio of -62.54, a price-to-earnings-growth ratio of 1.41 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.39. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in America's Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock worth $54,000 after acquiring an additional 990 shares during the last quarter. AlphaQuest LLC increased its stake in shares of America's Car-Mart by 1,316.3% during the first quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock worth $91,000 after purchasing an additional 1,856 shares during the period. Quantbot Technologies LP acquired a new stake in America's Car-Mart during the 4th quarter worth approximately $117,000. Aquatic Capital Management LLC boosted its stake 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 during the period. Finally, Corebridge Financial Inc. grew its holdings in America's Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock valued at $183,000 after buying an additional 539 shares in the last quarter. Institutional investors own 89.10% 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.