America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 40.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,300 shares of the company’s stock after selling 2,200 shares during the period. Yacktman Asset Management LP’s holdings in America’s Car-Mart were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CRMT. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of America’s Car-Mart in the 1st quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its position in shares of America’s Car-Mart by 1,181.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 423 shares of the company’s stock valued at $39,000 after purchasing an additional 390 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of America’s Car-Mart by 47.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at approximately $56,000. 73.11% of the stock is currently owned by hedge funds and other institutional investors.

CRMT has been the topic of a number of recent analyst reports. Buckingham Research set a $107.00 target price on America’s Car-Mart and gave the company a “buy” rating in a research report on Wednesday, May 22nd. ValuEngine raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. BidaskClub raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. America’s Car-Mart presently has an average rating of “Hold” and a consensus price target of $97.50.

Shares of NASDAQ CRMT traded up $0.47 during trading on Friday, reaching $91.44. The stock had a trading volume of 17,263 shares, compared to its average volume of 94,722. America’s Car-Mart, Inc. has a one year low of $65.10 and a one year high of $104.05. The stock has a market cap of $607.68 million, a PE ratio of 14.14, a P/E/G ratio of 0.64 and a beta of 0.92. The firm’s 50 day moving average price is $87.30 and its two-hundred day moving average price is $87.63.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, August 15th. The company reported $2.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.54. America’s Car-Mart had a return on equity of 19.10% and a net margin of 7.12%. The business had revenue of $171.88 million during the quarter, compared to the consensus estimate of $175.34 million. During the same period in the previous year, the business earned $1.40 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that America’s Car-Mart, Inc. will post 7.25 earnings per share for the current year.

In other news, Director William H. Henderson sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $85.50, for a total value of $342,000.00. Following the completion of the sale, the director now directly owns 122,830 shares in the company, valued at approximately $10,501,965. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.11, for a total value of $129,165.00. Following the completion of the sale, the director now owns 112,515 shares of the company’s stock, valued at $9,688,666.65. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock valued at $1,078,285 over the last quarter. Company insiders own 10.00% 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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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