Insider Buying: America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Buys 6,770 Shares of Stock

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp bought 6,770 shares of the stock in a transaction on Tuesday, July 11th. The shares were acquired at an average cost of $36.84 per share, with a total value of $249,406.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Friday, August 4th, Magnolia Capital Fund, Lp bought 14,000 shares of America’s Car-Mart stock. The shares were acquired at an average cost of $37.61 per share, with a total value of $526,540.00.
  • On Tuesday, July 25th, Magnolia Capital Fund, Lp purchased 19,000 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $37.71 per share, for a total transaction of $716,490.00.
  • On Tuesday, June 20th, Magnolia Capital Fund, Lp purchased 4,323 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $36.75 per share, for a total transaction of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp purchased 24,607 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $879,700.25.
  • On Monday, April 17th, Magnolia Capital Fund, Lp purchased 18,313 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $35.85 per share, for a total transaction of $656,521.05.

Shares of America’s Car-Mart, Inc. (CRMT) traded up 0.13% during trading on Friday, hitting $37.45. 15,011 shares of the stock were exchanged. America’s Car-Mart, Inc. has a 52 week low of $30.20 and a 52 week high of $47.75. The stock has a market cap of $282.67 million, a P/E ratio of 15.04 and a beta of 0.94. The firm’s 50 day moving average price is $38.29 and its 200-day moving average price is $37.20.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $158.24 million. During the same period in the prior year, the company posted $0.40 earnings per share. America’s Car-Mart’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts predict that America’s Car-Mart, Inc. will post $3.06 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price target on shares of America’s Car-Mart in a research report on Friday, May 12th.

Several large investors have recently bought and sold shares of CRMT. Vanguard Group Inc. boosted its stake in America’s Car-Mart by 5.9% in the first quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock valued at $11,956,000 after buying an additional 18,331 shares during the period. Jupiter Asset Management Ltd. boosted its stake in America’s Car-Mart by 4.9% in the first quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock worth $5,555,000 after buying an additional 7,060 shares during the last quarter. American International Group Inc. boosted its stake in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock worth $177,000 after buying an additional 326 shares during the last quarter. Prudential Financial Inc. bought a new stake in America’s Car-Mart during the first quarter worth approximately $304,000. Finally, Magnolia Group LLC bought a new stake in America’s Car-Mart during the first quarter worth approximately $16,368,000. Institutional investors own 83.86% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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