SG Americas Securities LLC Buys Shares of 7,702 America’s Car-Mart, Inc. (NASDAQ:CRMT)

SG Americas Securities LLC purchased a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,702 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in America’s Car-Mart during the fourth quarter worth about $117,000. Aquatic Capital Management LLC grew its holdings in America’s Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after buying an additional 1,995 shares during the period. Corebridge Financial Inc. increased its stake in shares of America’s Car-Mart by 17.8% during the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of America’s Car-Mart by 31.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after acquiring an additional 965 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of America’s Car-Mart during the 4th quarter worth about $216,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Trading Down 3.6%

Shares of NASDAQ CRMT opened at $53.51 on Thursday. America’s Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26. The company has a market cap of $441.99 million, a PE ratio of 25.60, a P/E/G ratio of 0.40 and a beta of 1.33. The stock has a 50 day simple moving average of $50.03 and a 200-day simple moving average of $48.70.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Tuesday, June 17th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.39. America’s Car-Mart had a return on equity of 2.01% and a net margin of 1.29%. The firm had revenue of $370.17 million for the quarter, compared to analyst estimates of $369.77 million. During the same period in the previous year, the company earned $0.06 earnings per share. America’s Car-Mart’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, June 6th.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson sold 53,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $55.49, for a total transaction of $2,940,970.00. Following the completion of the sale, the insider now directly owns 1,516,094 shares of the company’s stock, valued at $84,128,056.06. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 154,269 shares of company stock worth $8,689,460. Corporate insiders own 19.60% of the company’s stock.

About America’s Car-Mart

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.