America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Purchased by Yacktman Asset Management LP

Yacktman Asset Management LP grew its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 70.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,000 shares of the company's stock after buying an additional 14,000 shares during the period. Yacktman Asset Management LP owned 0.53% of America's Car-Mart worth $2,576,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of America's Car-Mart by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company's stock valued at $36,977,000 after buying an additional 5,349 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of America's Car-Mart by 14.0% in the 4th quarter. WCM Investment Management LLC now owns 220,271 shares of the company's stock valued at $17,505,000 after buying an additional 27,027 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of America's Car-Mart by 5.7% in the 3rd quarter. Invesco Ltd. now owns 123,760 shares of the company's stock valued at $11,261,000 after buying an additional 6,720 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of America's Car-Mart by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,163 shares of the company's stock valued at $7,840,000 after buying an additional 1,639 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of America's Car-Mart by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 53,057 shares of the company's stock valued at $4,828,000 after buying an additional 570 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

America's Car-Mart Stock Performance

CRMT stock traded up $1.15 during trading on Friday, reaching $57.87. The company had a trading volume of 62,944 shares, compared to its average volume of 116,375. The firm has a 50-day simple moving average of $61.68 and a 200-day simple moving average of $67.25. The company has a market cap of $369.79 million, a price-to-earnings ratio of -12.34 and a beta of 1.67. America's Car-Mart, Inc. has a twelve month low of $55.00 and a twelve month high of $127.96.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its earnings results on Friday, March 8th. The company reported ($1.34) EPS for the quarter, missing analysts' consensus estimates of ($1.10) by ($0.24). America's Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The company had revenue of $299.60 million during the quarter, compared to analyst estimates of $350.95 million. During the same quarter last year, the business earned $0.23 earnings per share. The firm's revenue for the quarter 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stephens restated an "equal weight" rating and issued a $82.00 price target on shares of America's Car-Mart in a report on Tuesday, February 6th. 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 for the company in a research note on Wednesday, April 10th.

Insiders Place Their Bets

In other America's Car-Mart news, major shareholder Adam K. Peterson purchased 13,550 shares of America's Car-Mart stock in a transaction on Thursday, April 11th. The stock was bought at an average cost of $57.87 per share, with a total value of $784,138.50. Following the transaction, the insider now owns 742,000 shares of the company's stock, valued at approximately $42,939,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas W. Jr. Campbell bought 3,229 shares of the business's stock in a transaction dated Monday, April 8th. The stock was purchased at an average cost of $61.62 per share, with a total value of $198,970.98. Following the acquisition, the chief executive officer now directly owns 70,841 shares in the company, valued at $4,365,222.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Adam K. Peterson bought 13,550 shares of the business's stock in a transaction dated Thursday, April 11th. The shares were purchased at an average cost of $57.87 per share, with a total value of $784,138.50. Following the completion of the acquisition, the insider now owns 742,000 shares in the company, valued at $42,939,540. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 83,073 shares of company stock valued at $4,966,061. 14.10% of the stock is owned by insiders.

America's Car-Mart 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.