Yacktman Asset Management LP Purchases 14,000 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Yacktman Asset Management LP increased its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 70.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,000 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Yacktman Asset Management LP owned approximately 0.53% of America’s Car-Mart worth $2,576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CRMT. Ballast Asset Management LP bought a new position in shares of America’s Car-Mart in the third quarter worth $2,705,000. WCM Investment Management LLC raised its holdings in shares of America’s Car-Mart by 14.0% in the 4th quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock valued at $17,505,000 after acquiring an additional 27,027 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of America’s Car-Mart during the third quarter worth about $2,308,000. Invesco Ltd. increased its position in shares of America’s Car-Mart by 5.7% in the third quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock worth $11,261,000 after purchasing an additional 6,720 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in America’s Car-Mart by 1.3% in the third quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after purchasing an additional 5,349 shares in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at America’s Car-Mart

In other news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the transaction, the chief executive officer now owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell bought 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $61.62 per share, with a total value of $198,970.98. Following the completion of the purchase, the chief executive officer now owns 70,841 shares of the company’s stock, valued at $4,365,222.42. 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 acquired 4,145 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $63.13 per share, for a total transaction of $261,673.85. Following the completion of the transaction, the insider now owns 700,450 shares in the company, valued at approximately $44,219,408.50. The disclosure for this purchase can be found here. Insiders bought 83,073 shares of company stock worth $4,966,061 in the last three months. 14.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CRMT has been the subject of a number of research reports. Stephens reissued an “equal weight” rating and issued a $82.00 price target on shares of America’s Car-Mart in a report on Tuesday, February 6th. Bank of America cut their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th.

America’s Car-Mart Price Performance

NASDAQ:CRMT traded up $1.21 during trading hours on Friday, reaching $57.93. The company’s stock had a trading volume of 26,561 shares, compared to its average volume of 115,890. The firm has a 50-day simple moving average of $61.78 and a 200-day simple moving average of $67.45. America’s Car-Mart, Inc. has a 1 year low of $55.00 and a 1 year high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Friday, March 8th. The company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.10) by ($0.24). America’s Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The company had revenue of $299.60 million during the quarter, compared to analysts’ expectations of $350.95 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. Research analysts anticipate that America’s Car-Mart, Inc. will post -4.9 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 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.