Swiss National Bank Buys 200 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Swiss National Bank raised its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 1.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 11,800 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Swiss National Bank owned approximately 0.18% of America’s Car-Mart worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC bought a new stake in shares of America’s Car-Mart in the 1st quarter valued at $492,000. Hennessy Advisors Inc. acquired a new position in America’s Car-Mart in the second quarter valued at $2,780,000. Virginia Retirement Systems ET AL lifted its holdings in America’s Car-Mart by 59.7% in the second quarter. Virginia Retirement Systems ET AL now owns 21,400 shares of the company’s stock valued at $1,842,000 after buying an additional 8,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in America’s Car-Mart by 47.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in America’s Car-Mart during the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

NASDAQ CRMT traded down $1.56 on Wednesday, hitting $91.16. 833 shares of the company were exchanged, compared to its average volume of 141,095. The company has a market cap of $605.73 million, a PE ratio of 14.38, a PEG ratio of 0.61 and a beta of 0.89. America’s Car-Mart, Inc. has a 12 month low of $66.26 and a 12 month high of $104.05. The stock has a fifty day moving average of $88.24 and a 200-day moving average of $88.92. The company has a current ratio of 2.03, a quick ratio of 1.85 and a debt-to-equity ratio of 0.13.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 15th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.54. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. The firm had revenue of $171.88 million during the quarter, compared to the consensus estimate of $175.34 million. During the same period in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that America’s Car-Mart, Inc. will post 7.68 earnings per share for the current year.

In related news, Director William H. Henderson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $86.08, for a total transaction of $344,320.00. Following the transaction, the director now directly owns 122,830 shares of the company’s stock, valued at approximately $10,573,206.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William H. Henderson sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $89.78, for a total value of $134,670.00. Following the completion of the transaction, the director now owns 117,330 shares in the company, valued at approximately $10,533,887.40. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock worth $1,167,475 in the last three months. Insiders own 10.00% of the company’s stock.

Several research firms have recently weighed in on CRMT. ValuEngine lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. BidaskClub upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, August 20th. Finally, Buckingham Research lifted their target price on America’s Car-Mart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. America’s Car-Mart has an average rating of “Hold” and a consensus price target of $100.80.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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