Kennedy Capital Management LLC Has $7.72 Million Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Kennedy Capital Management LLC lowered its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 33.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,922 shares of the company’s stock after selling 60,770 shares during the quarter. Kennedy Capital Management LLC’s holdings in America’s Car-Mart were worth $7,723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Quest Partners LLC bought a new stake in shares of America’s Car-Mart during the 4th quarter worth about $48,000. EntryPoint Capital LLC bought a new stake in America’s Car-Mart during the first quarter worth approximately $178,000. Louisiana State Employees Retirement System acquired a new position in America’s Car-Mart during the fourth quarter valued at approximately $220,000. Bayesian Capital Management LP bought a new position in shares of America’s Car-Mart in the first quarter valued at approximately $240,000. Finally, Everence Capital Management Inc. bought a new position in shares of America’s Car-Mart in the fourth quarter valued at approximately $246,000. 89.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CRMT. BTIG Research began coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They set a “neutral” rating for the company. StockNews.com upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Bank of America lowered their price target on shares of America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating on the stock in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $66.00.

Insider Buying and Selling

In other America’s Car-Mart news, major shareholder Adam K. Peterson acquired 26,410 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the acquisition, the insider now directly owns 768,410 shares of the company’s stock, valued at approximately $44,367,993.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.10% of the stock is owned by insiders.

America’s Car-Mart Stock Down 0.8 %

Shares of CRMT stock traded down $0.54 on Wednesday, reaching $67.39. The stock had a trading volume of 6,566 shares, compared to its average volume of 94,563. America’s Car-Mart, Inc. has a 12 month low of $55.00 and a 12 month high of $122.01. The firm’s 50-day moving average is $62.50 and its two-hundred day moving average is $62.16.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $364.67 million during the quarter, compared to analysts’ expectations of $361.48 million. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. Sell-side analysts predict that America’s Car-Mart, Inc. will post 2.14 EPS for the current year.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.