Amalgamated Bank Trims Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Amalgamated Bank lessened its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,147 shares of the company’s stock after selling 195 shares during the quarter. Amalgamated Bank’s holdings in America’s Car-Mart were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CRMT. Ballast Asset Management LP purchased a new position in America’s Car-Mart during the 3rd quarter valued at about $2,705,000. WCM Investment Management LLC grew its holdings in shares of America’s Car-Mart by 14.0% during the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after purchasing an additional 27,027 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of America’s Car-Mart during the third quarter worth about $2,308,000. Yacktman Asset Management LP grew its holdings in shares of America’s Car-Mart by 70.0% during the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock worth $2,576,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of America’s Car-Mart by 5.7% during the third quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock worth $11,261,000 after purchasing an additional 6,720 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Price Performance

NASDAQ:CRMT opened at $60.38 on Friday. The business has a 50 day moving average of $60.59 and a 200 day moving average of $65.61. The company has a market capitalization of $385.83 million, a price-to-earnings ratio of -12.87, a PEG ratio of 2.31 and a beta of 1.67. America’s Car-Mart, Inc. has a 1-year low of $55.00 and a 1-year high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data 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 company had revenue of $299.60 million during the quarter, compared to the consensus estimate of $350.95 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that America’s Car-Mart, Inc. will post -4.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRMT. Stephens reissued an “equal weight” rating and set a $82.00 price objective on shares of America’s Car-Mart in a report on Tuesday, February 6th. Bank of America cut their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th.

Insider Buying and Selling at America’s Car-Mart

In related news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell bought 3,229 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was bought at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the acquisition, the chief executive officer now directly owns 70,841 shares in the company, valued at $4,365,222.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Adam K. Peterson bought 11,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $60.17 per share, with a total value of $691,955.00. Following the acquisition, the insider now owns 719,950 shares of the company’s stock, valued at $43,319,391.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 40,924 shares of company stock worth $2,428,463. 14.10% of the stock is currently 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.