Quest Partners LLC Has $275,000 Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Quest Partners LLC grew its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 3,215.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,565 shares of the company’s stock after purchasing an additional 6,367 shares during the quarter. Quest Partners LLC’s holdings in America’s Car-Mart were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sentry Investment Management LLC acquired a new position in America’s Car-Mart during the third quarter worth $113,000. Hsbc Holdings PLC acquired a new position in shares of America’s Car-Mart during the 2nd quarter worth about $221,000. Bayesian Capital Management LP bought a new stake in shares of America’s Car-Mart in the 1st quarter valued at about $240,000. Argent Capital Management LLC acquired a new stake in America’s Car-Mart in the 2nd quarter valued at about $231,000. Finally, Sequoia Financial Advisors LLC bought a new position in America’s Car-Mart during the second quarter worth about $245,000. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Down 1.8 %

Shares of NASDAQ:CRMT opened at $46.55 on Wednesday. The stock has a market cap of $297.78 million, a PE ratio of -8.12, a P/E/G ratio of 1.32 and a beta of 1.67. America’s Car-Mart, Inc. has a 12-month low of $37.98 and a 12-month high of $83.07. The business has a 50 day moving average of $42.14 and a 200-day moving average of $54.23.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The firm had revenue of $347.76 million during the quarter, compared to the consensus estimate of $338.78 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities research analysts expect that America’s Car-Mart, Inc. will post 0.93 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joshua G. Welch bought 23,255 shares of America’s Car-Mart stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of $43.00 per share, with a total value of $999,965.00. Following the acquisition, the director now owns 148,955 shares in the company, valued at $6,405,065. This trade represents a 18.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, with a total value of $34,999,979.00. Following the purchase, the insider now owns 1,582,363 shares of the company’s stock, valued at $68,041,609. This represents a 105.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRMT shares. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. Stephens began coverage on America’s Car-Mart in a report on Wednesday, November 13th. They set an “equal weight” rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

America’s Car-Mart Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.