Douglas W. Jr. Campbell Acquires 3,229 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) CEO Douglas W. Jr. Campbell acquired 3,229 shares of the stock in a transaction dated Monday, April 8th. The stock was acquired 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 owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

America’s Car-Mart Trading Down 0.6 %

Shares of America’s Car-Mart stock opened at $59.01 on Friday. America’s Car-Mart, Inc. has a twelve month low of $56.62 and a twelve month high of $127.96. The stock has a market capitalization of $377.07 million, a P/E ratio of -12.58 and a beta of 1.67. The business’s fifty day moving average price is $63.15 and its 200 day moving average price is $69.79.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Friday, March 8th. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24). The company 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 company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts predict that America’s Car-Mart, Inc. will post -4.64 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swiss National Bank lifted its stake in shares of America’s Car-Mart by 1.5% during the third quarter. Swiss National Bank now owns 13,300 shares of the company’s stock worth $1,210,000 after purchasing an additional 200 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of America’s Car-Mart during the third quarter worth about $2,308,000. Landscape Capital Management L.L.C. lifted its stake in shares of America’s Car-Mart by 26.8% during the third quarter. Landscape Capital Management L.L.C. now owns 4,003 shares of the company’s stock worth $364,000 after purchasing an additional 847 shares in the last quarter. BOKF NA lifted its stake in shares of America’s Car-Mart by 1.3% during the second quarter. BOKF NA now owns 24,624 shares of the company’s stock worth $2,457,000 after purchasing an additional 306 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its stake in shares of America’s Car-Mart by 15.6% in the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock worth $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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CRMT shares. Bank of America lowered their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $82.00 target price on shares of America’s Car-Mart in a report on Tuesday, February 6th.

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.