Yacktman Asset Management LP Raises Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Yacktman Asset Management LP raised its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 70.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,000 shares of the company’s stock after acquiring an additional 14,000 shares during the quarter. Yacktman Asset Management LP’s holdings in America’s Car-Mart were worth $2,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballast Asset Management LP purchased a new position in shares of America’s Car-Mart during the third quarter worth approximately $2,705,000. WCM Investment Management LLC lifted 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 worth $17,505,000 after buying an additional 27,027 shares during the period. Quadrature Capital Ltd bought a new position in shares of America’s Car-Mart during the 3rd quarter worth $2,308,000. Invesco Ltd. grew its position in shares of America’s Car-Mart by 5.7% during the 3rd quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock worth $11,261,000 after buying an additional 6,720 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of America’s Car-Mart by 1.3% during the third 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 during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insider Transactions at America’s Car-Mart

In other news, major shareholder Adam K. Peterson bought 24,001 shares of America’s Car-Mart stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of $60.58 per share, for a total transaction of $1,453,980.58. Following the purchase, the insider now directly owns 673,200 shares of the company’s stock, valued at approximately $40,782,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other America’s Car-Mart news, major shareholder Adam K. Peterson bought 18,148 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $59.71 per share, for a total transaction of $1,083,617.08. Following the completion of the transaction, the insider now directly owns 649,199 shares of the company’s stock, valued at approximately $38,763,672.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Adam K. Peterson purchased 24,001 shares of the stock in a transaction on Wednesday, February 7th. The stock was acquired at an average cost of $60.58 per share, for a total transaction of $1,453,980.58. Following the completion of the acquisition, the insider now owns 673,200 shares of the company’s stock, valued at approximately $40,782,456. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 83,073 shares of company stock worth $4,966,061. Company insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Bank of America dropped 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 reiterated 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.

America’s Car-Mart Trading Up 2.1 %

Shares of NASDAQ CRMT traded up $1.21 during mid-day trading on Friday, reaching $57.93. 26,561 shares of the company were exchanged, compared to its average volume of 115,890. The firm has a 50-day moving average of $61.78 and a 200 day moving average of $67.45. 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 released its quarterly earnings results on Friday, March 8th. The company reported ($1.34) 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 analysts’ expectations of $350.95 million. America’s Car-Mart had a negative net margin of 2.10% and a negative return on equity of 6.10%. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share. Equities research analysts expect that America’s Car-Mart, Inc. will post -4.9 EPS for the current fiscal year.

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.