GSA Capital Partners LLP Lowers Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

GSA Capital Partners LLP cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 67.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,467 shares of the company’s stock after selling 13,477 shares during the period. GSA Capital Partners LLP’s holdings in America’s Car-Mart were worth $271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in America’s Car-Mart by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock valued at $602,000 after buying an additional 381 shares during the last quarter. BOKF NA boosted its holdings in shares of America’s Car-Mart by 1.9% in the first quarter. BOKF NA now owns 24,674 shares of the company’s stock valued at $1,546,000 after acquiring an additional 453 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of America’s Car-Mart by 12.1% in the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock valued at $504,000 after acquiring an additional 905 shares in the last quarter. Foster & Motley Inc. increased its stake in shares of America’s Car-Mart by 20.3% during the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock worth $393,000 after acquiring an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in America’s Car-Mart by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,963 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Joshua G. Welch acquired 23,255 shares of the stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the transaction, the director now directly owns 148,955 shares of the company’s stock, valued at $6,405,065. The trade was a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 shares were purchased at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the purchase, the insider now directly owns 1,582,363 shares in the company, valued at $68,041,609. This trade 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 currently owned by insiders.

Analyst Ratings Changes

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

America’s Car-Mart Stock Up 4.2 %

Shares of NASDAQ:CRMT opened at $44.87 on Friday. The company has a market capitalization of $287.17 million, a P/E ratio of -7.83, a P/E/G ratio of 1.27 and a beta of 1.67. The stock’s fifty day simple moving average is $42.23 and its 200-day simple moving average is $54.50. America’s Car-Mart, Inc. has a 52-week low of $37.98 and a 52-week high of $83.07.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). The firm had revenue of $347.76 million during the quarter, compared to analyst estimates of $338.78 million. America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. On average, sell-side analysts anticipate that America’s Car-Mart, Inc. will post 0.93 earnings per share for the current year.

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.