America’s Car-Mart, Inc. $CRMT Shares Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. cut its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,035 shares of the company’s stock after selling 53,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in America’s Car-Mart were worth $6,796,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CRMT. Jones Financial Companies Lllp boosted its position in shares of America’s Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after acquiring an additional 990 shares during the last quarter. Aquatic Capital Management LLC boosted its position in shares of America’s Car-Mart by 48.2% in the third quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock worth $108,000 after acquiring an additional 1,203 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of America’s Car-Mart by 264.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $135,000 after acquiring an additional 1,747 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of America’s Car-Mart in the third quarter worth approximately $137,000. Finally, SG Americas Securities LLC acquired a new stake in shares of America’s Car-Mart in the fourth quarter worth approximately $157,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Adam K. Peterson sold 8,000 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $12.59, for a total value of $100,720.00. Following the completion of the sale, the insider owned 1,119,875 shares of the company’s stock, valued at $14,099,226.25. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.50% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their price target on shares of America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, America’s Car-Mart currently has a consensus rating of “Hold” and a consensus price target of $29.50.

America’s Car-Mart Stock Up 5.6%

America’s Car-Mart stock opened at $11.88 on Thursday. America’s Car-Mart, Inc. has a 52-week low of $10.58 and a 52-week high of $62.72. The firm has a fifty day moving average of $12.70 and a 200-day moving average of $19.75. The firm has a market capitalization of $98.60 million, a P/E ratio of -1.04 and a beta of 1.18.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, March 12th. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($1.27). America’s Car-Mart had a negative return on equity of 2.63% and a negative net margin of 6.99%.The business had revenue of $222.62 million during the quarter, compared to analyst estimates of $329.26 million.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.