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

Landscape Capital Management L.L.C. decreased its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 51.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,944 shares of the company’s stock after selling 15,986 shares during the period. 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in America’s Car-Mart in the third quarter worth approximately $113,000. Hsbc Holdings PLC purchased a new stake in shares of America’s Car-Mart in the 2nd quarter valued at $221,000. Argent Capital Management LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at $231,000. Bayesian Capital Management LP purchased a new position in America’s Car-Mart in the 1st quarter worth $240,000. Finally, Sequoia Financial Advisors LLC purchased a new position in America’s Car-Mart in the 2nd quarter worth $245,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

America’s Car-Mart Stock Up 4.2 %

Shares of America’s Car-Mart stock opened at $44.87 on Friday. The company’s fifty day simple moving average is $42.23 and its two-hundred day simple moving average is $54.50. America’s Car-Mart, Inc. has a 12-month low of $37.98 and a 12-month high of $83.07. The firm has a market cap of $287.17 million, a PE ratio of -7.83, a price-to-earnings-growth 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) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.81). The business 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 firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. As a group, sell-side analysts expect that America’s Car-Mart, Inc. will post 0.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joshua G. Welch acquired 23,255 shares of the stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the completion of the acquisition, the director now directly owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. This represents a 18.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson bought 813,953 shares of America’s Car-Mart stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the acquisition, the insider now directly owns 1,582,363 shares in the company, valued at approximately $68,041,609. This trade represents a 105.93 % increase in their position. The disclosure for this purchase can be found here. Insiders own 19.60% of the company’s stock.

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.