PDT Partners LLC Purchases Shares of 23,229 America’s Car-Mart, Inc. (NASDAQ:CRMT)

PDT Partners LLC acquired a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,229 shares of the company’s stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also modified their holdings of CRMT. Sentry Investment Management LLC acquired a new stake in America’s Car-Mart during the 3rd quarter worth approximately $113,000. Hsbc Holdings PLC purchased a new stake in America’s Car-Mart during the second quarter worth approximately $221,000. Argent Capital Management LLC acquired a new stake in shares of America’s Car-Mart in the second quarter worth $231,000. Sequoia Financial Advisors LLC purchased a new position in shares of America’s Car-Mart in the 2nd quarter valued at $245,000. Finally, Foster & Motley Inc. lifted its holdings in shares of America’s Car-Mart by 20.3% during the 2nd quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after acquiring an additional 1,100 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Stock Down 2.2 %

CRMT stock opened at $46.16 on Monday. The stock has a market cap of $295.42 million, a PE ratio of -8.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.67. The firm’s 50-day simple moving average is $42.24 and its 200 day simple moving average is $53.86. America’s Car-Mart, Inc. has a fifty-two week low of $37.98 and a fifty-two week high of $83.07.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results 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). America’s Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. The company had revenue of $347.76 million during the quarter, compared to analyst estimates of $338.78 million. During the same period in the prior year, the company posted $0.63 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Equities analysts forecast that America’s Car-Mart, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at America’s Car-Mart

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

America’s Car-Mart Company 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.