Insider Buying: America's Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Buys 13,550 Shares of Stock

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) major shareholder Adam K. Peterson bought 13,550 shares of the stock in a transaction dated Thursday, April 11th. The shares were acquired at an average cost of $57.87 per share, for a total transaction of $784,138.50. Following the completion of the acquisition, the insider now directly owns 742,000 shares of the company's stock, valued at approximately $42,939,540. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 NASDAQ CRMT traded down $1.12 during trading hours on Monday, hitting $55.54. 114,242 shares of the stock were exchanged, compared to its average volume of 123,551. The company has a market cap of $354.90 million, a PE ratio of -11.84 and a beta of 1.67. The company's fifty day simple moving average is $62.90 and its two-hundred day simple moving average is $69.01. America's Car-Mart, Inc. has a 1-year low of $55.01 and a 1-year high of $127.96.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings results on Friday, March 8th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.10) by ($0.24). The firm had revenue of $299.60 million for the quarter, compared to analyst estimates of $350.95 million. America's Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The business's revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, sell-side analysts expect that America's Car-Mart, Inc. will post -4.9 EPS for the current fiscal year.

Institutional Trading of America's Car-Mart

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of America's Car-Mart by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 412,537 shares of the company's stock worth $25,173,000 after acquiring an additional 9,204 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in America's Car-Mart by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 355,188 shares of the company's stock valued at $28,615,000 after buying an additional 41,378 shares in the last quarter. Nantahala Capital Management LLC boosted its position in America's Car-Mart by 35.1% in the fourth quarter. Nantahala Capital Management LLC now owns 312,128 shares of the company's stock valued at $23,650,000 after buying an additional 81,175 shares in the last quarter. State Street Corp boosted its position in America's Car-Mart by 6.2% in the first quarter. State Street Corp now owns 262,814 shares of the company's stock valued at $20,817,000 after buying an additional 15,391 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in America's Car-Mart by 0.7% in the first quarter. WCM Investment Management LLC now owns 244,884 shares of the company's stock valued at $19,397,000 after buying an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CRMT shares. Bank of America lowered their target price on shares of America's Car-Mart from $55.00 to $50.00 and set an "underperform" rating on the stock in a report on Wednesday, April 10th. Stephens reaffirmed an "equal weight" rating and set a $82.00 target price on shares of America's Car-Mart in a report on Tuesday, February 6th.

About America's Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.