America’s Car-Mart, Inc. (NASDAQ:CRMT) Stake Lowered by Ranger Investment Management L.P.

Ranger Investment Management L.P. decreased its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,392 shares of the company’s stock after selling 42,695 shares during the period. Ranger Investment Management L.P.’s holdings in America’s Car-Mart were worth $18,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRMT. Ballast Asset Management LP purchased a new stake in shares of America’s Car-Mart during the 3rd quarter worth about $2,705,000. WCM Investment Management LLC increased its holdings in America’s Car-Mart by 14.0% in the fourth 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 last quarter. Quadrature Capital Ltd acquired a new stake in America’s Car-Mart in the third quarter valued at approximately $2,308,000. BNP Paribas Financial Markets grew its position in America’s Car-Mart by 920.6% in the fourth quarter. BNP Paribas Financial Markets now owns 17,310 shares of the company’s stock worth $1,312,000 after acquiring an additional 15,614 shares in the last quarter. Finally, Yacktman Asset Management LP grew its position in America’s Car-Mart by 70.0% in the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock worth $2,576,000 after acquiring an additional 14,000 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson purchased 8,500 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $57.85 per share, with a total value of $491,725.00. Following the completion of the purchase, the insider now directly owns 728,450 shares of the company’s stock, valued at $42,140,832.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other America’s Car-Mart news, major shareholder Adam K. Peterson bought 13,550 shares of America’s Car-Mart stock in a transaction dated 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 owns 742,000 shares of the company’s stock, valued at $42,939,540. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Adam K. Peterson purchased 8,500 shares of the stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $57.85 per share, with a total value of $491,725.00. Following the transaction, the insider now owns 728,450 shares in the company, valued at $42,140,832.50. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 36,779 shares of company stock valued at $2,166,789. Insiders own 14.10% of the company’s stock.

America’s Car-Mart Trading Down 7.3 %

CRMT stock traded down $4.80 during trading on Friday, hitting $60.59. 53,065 shares of the stock traded hands, compared to its average volume of 48,710. The stock has a market cap of $387.17 million, a price-to-earnings ratio of -12.92, a P/E/G ratio of 2.26 and a beta of 1.67. America’s Car-Mart, Inc. has a one year low of $55.00 and a one year high of $127.96. The company has a 50 day simple moving average of $60.31 and a 200 day simple moving average of $64.27.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Friday, March 8th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $299.60 million during the quarter, compared to the consensus estimate of $350.95 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. As a group, analysts predict that America’s Car-Mart, Inc. will post -4.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRMT has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of 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. BTIG Research initiated coverage on shares of America’s Car-Mart in a research note on Friday. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, America’s Car-Mart has a consensus rating of “Hold” and a consensus target price of $66.00.

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.