23,229 Shares in America's Car-Mart, Inc. (NASDAQ:CRMT) Purchased by PDT Partners LLC

PDT Partners LLC bought a new position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,229 shares of the company's stock, valued at approximately $974,000. PDT Partners LLC owned about 0.36% of America's Car-Mart as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in shares of America's Car-Mart in the third quarter worth approximately $113,000. Hsbc Holdings PLC acquired a new position in shares of America's Car-Mart in the 2nd quarter worth approximately $221,000. Argent Capital Management LLC bought a new stake in shares of America's Car-Mart in the 2nd quarter valued at $231,000. Sequoia Financial Advisors LLC acquired a new stake in shares of America's Car-Mart during the second quarter worth $245,000. Finally, Quest Partners LLC raised its stake in America's Car-Mart by 3,215.7% during the third quarter. Quest Partners LLC now owns 6,565 shares of the company's stock worth $275,000 after buying an additional 6,367 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

America's Car-Mart Stock Down 0.6 %

CRMT traded down $0.30 during midday trading on Monday, hitting $45.86. The company had a trading volume of 72,009 shares, compared to its average volume of 102,886. The stock's 50 day moving average price is $42.30 and its 200 day moving average price is $53.73. America's Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $83.07. The company has a market capitalization of $293.50 million, a price-to-earnings ratio of -8.00, a PEG ratio of 1.93 and a beta of 1.67.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.81). The firm had revenue of $347.76 million during the quarter, compared to the consensus estimate of $338.78 million. America's Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. Research analysts predict that America's Car-Mart, Inc. will post 0.65 EPS for the current year.

Insider Activity at America's Car-Mart

In related news, major shareholder Adam K. Peterson purchased 813,953 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $43.00 per share, for a total transaction 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 $68,041,609. This represents a 105.93 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joshua G. Welch acquired 23,255 shares of the company's stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, for a total transaction of $999,965.00. Following the completion of the purchase, the director now owns 148,955 shares in the company, 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 insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com upgraded America's Car-Mart from a "sell" rating to a "hold" rating in a report on Friday, August 23rd. Stephens began coverage on America's Car-Mart in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, America's Car-Mart presently has an average rating of "Hold" and a consensus 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.