America’s Car-Mart, Inc. (CRMT) Major Shareholder Sells $211,365.00 in Stock

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America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp sold 3,150 shares of the firm’s stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $67.10, for a total transaction of $211,365.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Monday, June 25th, Magnolia Capital Fund, Lp sold 51,230 shares of America’s Car-Mart stock. The stock was sold at an average price of $64.21, for a total transaction of $3,289,478.30.

NASDAQ:CRMT opened at $62.55 on Thursday. The firm has a market capitalization of $444.24 million, a PE ratio of 21.21 and a beta of 0.91. America’s Car-Mart, Inc. has a 1-year low of $33.05 and a 1-year high of $68.20.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Monday, May 21st. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.45. The firm had revenue of $169.45 million for the quarter, compared to analyst estimates of $158.22 million. America’s Car-Mart had a net margin of 5.97% and a return on equity of 11.86%. research analysts forecast that America’s Car-Mart, Inc. will post 4.59 EPS for the current fiscal year.

A number of research firms have issued reports on CRMT. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $75.00 price target for the company in a report on Friday, May 25th. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 27th. Janney Montgomery Scott raised their price target on shares of America’s Car-Mart from $53.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, May 23rd. Finally, ValuEngine raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $57.75.

Several large investors have recently added to or reduced their stakes in CRMT. MetLife Investment Advisors LLC acquired a new stake in shares of America’s Car-Mart in the fourth quarter worth $160,000. Brandywine Global Investment Management LLC increased its stake in shares of America’s Car-Mart by 27.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock worth $235,000 after acquiring an additional 1,119 shares during the period. Seizert Capital Partners LLC acquired a new stake in shares of America’s Car-Mart in the first quarter worth $245,000. Victory Capital Management Inc. acquired a new stake in shares of America’s Car-Mart in the first quarter worth $304,000. Finally, JPMorgan Chase & Co. increased its stake in shares of America’s Car-Mart by 73.1% in the first quarter. JPMorgan Chase & Co. now owns 8,162 shares of the company’s stock worth $412,000 after acquiring an additional 3,447 shares during the period. Hedge funds and other institutional investors own 74.67% 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. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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