Quadrature Capital Ltd Sells 981 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Quadrature Capital Ltd decreased its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMTFree Report) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 24,390 shares of the company’s stock after selling 981 shares during the period. Quadrature Capital Ltd’s holdings in America’s Car-Mart were worth $1,855,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Yacktman Asset Management LP increased its stake in America’s Car-Mart by 70.0% during the 4th quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock valued at $2,576,000 after purchasing an additional 14,000 shares in the last quarter. Swiss National Bank increased its position in shares of America’s Car-Mart by 1.5% during the third quarter. Swiss National Bank now owns 13,300 shares of the company’s stock worth $1,210,000 after acquiring an additional 200 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of America’s Car-Mart by 14.0% in the 4th quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after acquiring an additional 27,027 shares during the last quarter. BNP Paribas Financial Markets lifted its position in America’s Car-Mart by 920.6% in the 4th quarter. BNP Paribas Financial Markets now owns 17,310 shares of the company’s stock valued at $1,312,000 after acquiring an additional 15,614 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in America’s Car-Mart during the 4th quarter valued at about $48,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell purchased 3,229 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average cost of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the acquisition, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Adam K. Peterson acquired 13,550 shares of the stock in a transaction on Thursday, April 11th. The shares were acquired at an average price of $57.87 per share, with a total value of $784,138.50. Following the completion of the transaction, the insider now owns 742,000 shares in the company, valued at approximately $42,939,540. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas W. Jr. Campbell bought 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The shares were bought at an average cost of $61.62 per share, with a total value of $198,970.98. Following the completion of the transaction, the chief executive officer now directly owns 70,841 shares in the company, valued at $4,365,222.42. The disclosure for this purchase can be found here. Insiders acquired a total of 25,279 shares of company stock valued at $1,474,834 over the last three months. Corporate insiders own 14.10% of the company’s stock.

America’s Car-Mart Trading Down 9.4 %

NASDAQ:CRMT opened at $55.99 on Tuesday. America’s Car-Mart, Inc. has a 52 week low of $55.00 and a 52 week high of $127.96. The firm has a 50-day moving average price of $60.46 and a two-hundred day moving average price of $63.57.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRMT shares. Bank of America lowered their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research note on Wednesday, April 10th. BTIG Research began coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, America’s Car-Mart presently has an average rating of “Hold” and an average target price of $66.00.

View Our Latest Report on America’s Car-Mart

America’s Car-Mart Profile

(Free Report)

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.

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

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