America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 51.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,944 shares of the company's stock after selling 15,986 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.23% of America's Car-Mart worth $626,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Deerfield Management Company L.P. Series C lifted its stake in shares of America's Car-Mart by 459.9% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company's stock worth $1,341,000 after purchasing an additional 18,290 shares during the period. American Century Companies Inc. increased its stake in shares of America's Car-Mart by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company's stock valued at $504,000 after acquiring an additional 905 shares during the last quarter. Argent Capital Management LLC purchased a new position in shares of America's Car-Mart during the 2nd quarter worth about $231,000. Magnolia Group LLC boosted its position in shares of America's Car-Mart by 6.7% in the second quarter. Magnolia Group LLC now owns 768,410 shares of the company's stock worth $46,266,000 after acquiring an additional 48,460 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in America's Car-Mart in the second quarter valued at approximately $1,449,000. Institutional investors and hedge funds own 89.10% of the company's stock.

America's Car-Mart Stock Up 4.2 %

Shares of America's Car-Mart stock traded up $1.80 during trading hours on Friday, hitting $44.87. The company's stock had a trading volume of 111,255 shares, compared to its average volume of 82,015. The company has a market capitalization of $287.17 million, a PE ratio of -7.83, a P/E/G ratio of 1.27 and a beta of 1.67. The business has a fifty day moving average of $42.23 and a 200 day moving average of $54.46. America's Car-Mart, Inc. has a 1-year low of $37.98 and a 1-year high of $83.07.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.81). The company had revenue of $347.76 million for the quarter, compared to analyst estimates 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%. The company's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. On average, sell-side analysts anticipate that America's Car-Mart, Inc. will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other America's Car-Mart news, major shareholder Adam K. Peterson purchased 813,953 shares of America's Car-Mart stock in a transaction that occurred on Thursday, September 19th. The stock was purchased at an average price of $43.00 per share, with a total value of $34,999,979.00. Following the completion of the acquisition, the insider now owns 1,582,363 shares of the company's stock, valued at approximately $68,041,609. This trade represents 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 acquired 23,255 shares of the stock in a transaction on Thursday, September 19th. The shares were acquired at an average price of $43.00 per share, with a total value of $999,965.00. Following the purchase, the director now owns 148,955 shares in the company, valued at $6,405,065. This represents a 18.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRMT has been the subject of several research reports. StockNews.com raised shares of America's Car-Mart from a "sell" rating to a "hold" rating in a research note on Friday, August 23rd. Stephens started coverage on America's Car-Mart in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $50.00 price target for the company. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.00.

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.