Adam K. Peterson Sells 88,000 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT) Stock

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) major shareholder Adam K. Peterson sold 88,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 1,428,094 shares of the company's stock, valued at $81,272,829.54. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

America's Car-Mart Stock Down 12.3%

Shares of CRMT stock traded down $7.13 on Thursday, hitting $50.61. The stock had a trading volume of 138,872 shares, compared to its average volume of 87,787. America's Car-Mart, Inc. has a one year low of $36.40 and a one year high of $72.26. The business has a 50 day moving average price of $49.03 and a 200 day moving average price of $48.50. The company has a market cap of $418.14 million, a PE ratio of -61.72, a P/E/G ratio of 1.41 and a beta of 1.33.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 0.29% and a negative return on equity of 2.26%. During the same period last year, the company posted $0.06 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts expect that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

Institutional Trading of America's Car-Mart

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its position in shares of America's Car-Mart by 492.5% in 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 in the last quarter. AlphaQuest LLC grew its stake in America's Car-Mart by 1,316.3% in the first quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock valued at $91,000 after purchasing an additional 1,856 shares during the last quarter. Quantbot Technologies LP bought a new position in America's Car-Mart in the fourth quarter worth about $117,000. Aquatic Capital Management LLC lifted its position in shares of America's Car-Mart by 249.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after buying an additional 1,995 shares during the last quarter. Finally, Corebridge Financial Inc. boosted its holdings in shares of 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. Hedge funds and other institutional investors own 89.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded America's Car-Mart from a "hold" rating to a "buy" rating in a 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.