3,250 Shares in America’s Car-Mart, Inc. (NASDAQ:CRMT) Acquired by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,250 shares of the company’s stock, valued at approximately $246,000. Everence Capital Management Inc. owned 0.05% of America’s Car-Mart at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRMT. US Bancorp DE increased its holdings in America’s Car-Mart by 121.1% during the 1st quarter. US Bancorp DE now owns 3,798 shares of the company’s stock worth $306,000 after acquiring an additional 2,080 shares during the period. Acadian Asset Management LLC bought a new stake in America’s Car-Mart during the 1st quarter worth approximately $273,000. MetLife Investment Management LLC increased its holdings in America’s Car-Mart by 59.3% during the 1st quarter. MetLife Investment Management LLC now owns 3,322 shares of the company’s stock worth $268,000 after acquiring an additional 1,236 shares during the period. Rhumbline Advisers increased its holdings in America’s Car-Mart by 2.3% during the 1st quarter. Rhumbline Advisers now owns 16,198 shares of the company’s stock worth $1,305,000 after acquiring an additional 359 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in America’s Car-Mart by 13.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,219 shares of the company’s stock worth $420,000 after acquiring an additional 624 shares during the period. Institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CRMT has been the topic of a number of analyst reports. Bank of America decreased 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 reissued an “equal weight” rating and issued a $82.00 price target on shares of America’s Car-Mart in a report on Tuesday, February 6th.

America’s Car-Mart Price Performance

Shares of NASDAQ:CRMT opened at $56.16 on Friday. The company’s fifty day moving average price is $62.59 and its 200-day moving average price is $68.59. The firm has a market capitalization of $358.86 million, a price-to-earnings ratio of -11.97 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.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly 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). America’s Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The company had revenue of $299.60 million during the quarter, compared to the consensus estimate of $350.95 million. During the same period in the previous year, the company earned $0.23 EPS. America’s Car-Mart’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts expect that America’s Car-Mart, Inc. will post -4.9 EPS for the current year.

Insider Activity

In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was bought at an average price of $61.62 per share, with a total value of $198,970.98. Following the purchase, the chief executive officer now owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other America’s Car-Mart news, major shareholder Adam K. Peterson acquired 24,001 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was bought at an average price of $60.58 per share, with a total value of $1,453,980.58. Following the purchase, the insider now owns 673,200 shares of the company’s stock, valued at $40,782,456. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas W. Jr. Campbell purchased 3,229 shares of the company’s stock in a transaction on Monday, April 8th. The shares were purchased 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 directly owns 70,841 shares in the company, valued at $4,365,222.42. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 83,073 shares of company stock valued at $4,966,061. Corporate insiders own 14.10% of the company’s stock.

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.