America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC increased its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 220,271 shares of the company's stock after purchasing an additional 27,027 shares during the period. WCM Investment Management LLC owned 3.45% of America's Car-Mart worth $17,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Swiss National Bank raised its position in shares of America's Car-Mart by 1.5% during the 3rd quarter. Swiss National Bank now owns 13,300 shares of the company's stock worth $1,210,000 after purchasing an additional 200 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in America's Car-Mart during the 3rd quarter valued at about $2,308,000. Landscape Capital Management L.L.C. grew its stake in America's Car-Mart by 26.8% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 4,003 shares of the company's stock valued at $364,000 after acquiring an additional 847 shares in the last quarter. BOKF NA grew its stake in America's Car-Mart by 1.3% during the 2nd quarter. BOKF NA now owns 24,624 shares of the company's stock valued at $2,457,000 after acquiring an additional 306 shares in the last quarter. Finally, Graham Capital Management L.P. grew its stake in America's Car-Mart by 15.6% during the 3rd quarter. Graham Capital Management L.P. now owns 2,839 shares of the company's stock valued at $258,000 after acquiring an additional 384 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

America's Car-Mart Stock Down 4.0 %

Shares of America's Car-Mart stock traded down $2.35 during mid-day trading on Friday, hitting $56.66. The stock had a trading volume of 75,620 shares, compared to its average volume of 166,846. The firm has a 50-day moving average of $63.04 and a two-hundred day moving average of $69.26. America's Car-Mart, Inc. has a 12-month low of $56.59 and a 12-month high of $127.96. The firm has a market cap of $362.17 million, a P/E ratio of -12.08 and a beta of 1.67.

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 for the quarter, missing the consensus estimate of ($1.10) by ($0.24). America's Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The firm had revenue of $299.60 million during the quarter, compared to analysts' expectations of $350.95 million. During the same period last year, the company earned $0.23 EPS. The business's quarterly revenue was down 7.9% on a year-over-year basis. Sell-side analysts expect that America's Car-Mart, Inc. will post -4.9 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CRMT. Stephens reaffirmed an "equal weight" rating and set a $82.00 price objective on shares of America's Car-Mart in a research note on Tuesday, February 6th. Bank of America dropped their price objective on shares of America's Car-Mart from $55.00 to $50.00 and set an "underperform" rating for the company in a research note on Wednesday.

Insider Activity

In related news, CEO Douglas W. Jr. Campbell bought 3,229 shares of the company's stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the acquisition, the chief executive officer now owns 70,841 shares of the company's stock, valued at $4,365,222.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas W. Jr. Campbell bought 3,229 shares of the company's stock in a transaction on Monday, April 8th. The stock was bought at an average cost of $61.62 per share, with a total value of $198,970.98. Following the transaction, the chief executive officer now directly owns 70,841 shares in the company, valued at approximately $4,365,222.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Adam K. Peterson bought 4,145 shares of America's Car-Mart stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $63.13 per share, for a total transaction of $261,673.85. Following the completion of the acquisition, the insider now owns 700,450 shares in the company, valued at $44,219,408.50. The disclosure for this purchase can be found here. Insiders bought a total of 69,523 shares of company stock valued at $4,181,922 in the last 90 days. Company insiders own 14.10% of the company's stock.

America's Car-Mart Company Profile

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.