Charles Schwab Investment Management Inc. Lowers Stock Holdings in America's Car-Mart, Inc. (NASDAQ:CRMT)

Charles Schwab Investment Management Inc. lowered its position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,153 shares of the company's stock after selling 9,409 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of America's Car-Mart worth $2,941,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Argent Capital Management LLC purchased a new stake in America's Car-Mart in the second quarter worth about $231,000. Bank of New York Mellon Corp grew its stake in shares of America's Car-Mart by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company's stock worth $1,559,000 after buying an additional 1,963 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of America's Car-Mart in the 2nd quarter worth approximately $468,000. Rhumbline Advisers increased its position in America's Car-Mart by 4.0% during 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 in the last quarter. Finally, Foster & Motley Inc. raised its stake in America's Car-Mart by 20.3% during the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company's stock valued at $393,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 89.10% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson acquired 813,953 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joshua G. Welch bought 23,255 shares of the business's stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, with a total value of $999,965.00. Following the transaction, the director now owns 148,955 shares in the company, valued at $6,405,065. This trade represents a 18.50 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is owned by insiders.

America's Car-Mart Stock Up 1.3 %

Shares of America's Car-Mart stock traded up $0.72 on Monday, reaching $56.02. The company's stock had a trading volume of 99,680 shares, compared to its average volume of 105,103. America's Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $83.07. The firm's fifty day simple moving average is $44.25 and its two-hundred day simple moving average is $53.17. The company has a market capitalization of $462.33 million, a price-to-earnings ratio of -67.56, a P/E/G ratio of 3.13 and a beta of 1.68.

Analysts Set New Price Targets

CRMT has been the topic of a number of recent research reports. StockNews.com raised America's Car-Mart from a "sell" rating to a "hold" rating in a research note on Friday, August 23rd. Stephens raised shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd.

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.