Foster & Motley Inc. Purchases 1,040 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Foster & Motley Inc. grew its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,425 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. Foster & Motley Inc. owned approximately 0.08% of America’s Car-Mart worth $411,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ballast Asset Management LP bought a new position in shares of America’s Car-Mart during the third quarter valued at about $2,705,000. WCM Investment Management LLC increased its stake in 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 purchasing an additional 27,027 shares during the period. Quadrature Capital Ltd bought a new stake in America’s Car-Mart in the third quarter valued at approximately $2,308,000. Invesco Ltd. grew its holdings in shares of America’s Car-Mart by 5.7% in 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 during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of America’s Car-Mart by 1.3% in the third quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock worth $36,977,000 after buying an additional 5,349 shares during the period. Institutional investors own 89.10% of the company’s stock.

Insider Activity

In other America’s Car-Mart news, major shareholder Adam K. Peterson purchased 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 purchase, the insider now directly owns 649,199 shares in the company, valued at $38,763,672.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Adam K. Peterson purchased 18,148 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $59.71 per share, for a total transaction of $1,083,617.08. Following the purchase, the insider now directly owns 649,199 shares of the company’s stock, valued at approximately $38,763,672.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson acquired 13,550 shares of the stock in a transaction on Thursday, April 11th. The shares were bought at an average price of $57.87 per share, with a total value of $784,138.50. Following the purchase, the insider now directly owns 742,000 shares of the company’s stock, valued at approximately $42,939,540. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 83,073 shares of company stock worth $4,966,061. Corporate insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

CRMT has been the subject of a number of analyst reports. Stephens reiterated an “equal weight” rating and set a $82.00 target price 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 on the stock in a research report on Wednesday, April 10th.

America’s Car-Mart Stock Performance

Shares of CRMT opened at $58.41 on Thursday. The company has a 50-day simple moving average of $61.96 and a two-hundred day simple moving average of $67.52. America’s Car-Mart, Inc. has a one year low of $55.00 and a one year high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) 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). The firm had revenue of $299.60 million during 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 company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, equities research analysts predict that America’s Car-Mart, Inc. will post -4.9 EPS for the current year.

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.