Landscape Capital Management L.L.C. Lowers Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Landscape Capital Management L.L.C. lessened its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 51.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,944 shares of the company’s stock after selling 15,986 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in America’s Car-Mart were worth $626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BOKF NA grew its stake in shares of America’s Car-Mart by 1.9% in the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after acquiring an additional 453 shares during the last quarter. Paloma Partners Management Co purchased a new stake in America’s Car-Mart during the 1st quarter valued at about $313,000. Bayesian Capital Management LP bought a new stake in America’s Car-Mart during the 1st quarter valued at about $240,000. Sequoia Financial Advisors LLC purchased a new position in America’s Car-Mart in the second quarter worth about $245,000. Finally, Argent Capital Management LLC bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $231,000. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Up 4.2 %

Shares of NASDAQ CRMT opened at $44.87 on Friday. The firm’s 50-day moving average price is $42.23 and its 200-day moving average price is $54.50. 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 cap of $287.17 million, a PE ratio of -7.83, a PEG ratio of 1.27 and a beta of 1.67.

America’s Car-Mart (NASDAQ:CRMT) last posted 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 company 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 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% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. As a group, equities research analysts anticipate that America’s Car-Mart, Inc. will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CRMT shares. Stephens assumed coverage on shares of 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. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, America’s Car-Mart presently has an average rating of “Hold” and an average price target of $50.00.

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.