GSA Capital Partners LLP Sells 13,477 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

GSA Capital Partners LLP trimmed its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 67.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,467 shares of the company's stock after selling 13,477 shares during the quarter. GSA Capital Partners LLP owned 0.10% of America's Car-Mart worth $271,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of 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 acquiring an additional 381 shares during the last quarter. BOKF NA lifted its stake in America's Car-Mart by 1.9% during the first quarter. BOKF NA now owns 24,674 shares of the company's stock worth $1,546,000 after purchasing an additional 453 shares during the last quarter. American Century Companies Inc. boosted its stake in 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 worth $504,000 after buying an additional 905 shares in the last quarter. Foster & Motley Inc. grew 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 purchasing an additional 1,100 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 valued at $1,559,000 after buying an additional 1,963 shares during the period. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on CRMT shares. Stephens initiated coverage on America's Car-Mart in a report on Wednesday, November 13th. They issued an "equal weight" rating and a $50.00 price objective on the stock. StockNews.com upgraded shares of America's Car-Mart from a "sell" rating to a "hold" rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, America's Car-Mart has an average rating of "Hold" and an average price target of $50.00.

Insider Activity at America's Car-Mart

In related news, major shareholder Adam K. Peterson bought 813,953 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of $43.00 per share, with a total value of $34,999,979.00. Following the completion of the purchase, the insider now owns 1,582,363 shares in the company, valued at approximately $68,041,609. The trade was a 105.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joshua G. Welch bought 23,255 shares of the company's stock in a transaction dated Thursday, September 19th. The stock was purchased at an average price of $43.00 per share, for a total transaction of $999,965.00. Following the purchase, the director now owns 148,955 shares of the company's stock, valued at approximately $6,405,065. This represents a 18.50 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is currently owned by corporate insiders.

America's Car-Mart Trading Up 4.2 %

Shares of CRMT stock traded up $1.80 during trading hours on Friday, reaching $44.87. The company's stock had a trading volume of 111,255 shares, compared to its average volume of 82,015. The firm's fifty day simple moving average is $42.23 and its 200 day simple moving average is $54.46. America's Car-Mart, Inc. has a one year low of $37.98 and a one year high of $83.07. The stock 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.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.81). The firm had revenue of $347.76 million during the quarter, compared to analysts' expectations of $338.78 million. America's Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. America's Car-Mart's revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, equities research analysts forecast that America's Car-Mart, Inc. will post 0.93 earnings per share for the current fiscal 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.