Sentry Investment Management LLC Takes Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Sentry Investment Management LLC purchased a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,699 shares of the company’s stock, valued at approximately $113,000.

Several other hedge funds have also recently modified their holdings of CRMT. Rhumbline Advisers raised its position in America’s Car-Mart by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after buying an additional 381 shares during the last quarter. BOKF NA raised its holdings in America’s Car-Mart by 1.9% during the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after purchasing an additional 453 shares in the last quarter. American Century Companies Inc. lifted its position in America’s Car-Mart by 12.1% in the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock valued at $504,000 after purchasing an additional 905 shares during the period. Foster & Motley Inc. boosted its holdings in America’s Car-Mart by 20.3% in the 2nd quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in America’s Car-Mart by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,963 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Stock Up 2.4 %

Shares of NASDAQ CRMT opened at $39.83 on Wednesday. The stock has a market capitalization of $254.79 million, a price-to-earnings ratio of -6.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.67. America’s Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $85.68. The firm has a 50-day moving average price of $45.23 and a 200 day moving average price of $55.89.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.66 by ($0.81). The firm had revenue of $347.76 million for the quarter, compared to analysts’ expectations 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%. America’s Car-Mart’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.63 EPS. Equities research analysts expect that America’s Car-Mart, Inc. will post 0.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson purchased 813,953 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, the insider now directly owns 1,582,363 shares in the company, valued at $68,041,609. This represents a 100.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other America’s Car-Mart news, major shareholder Adam K. Peterson purchased 813,953 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, the insider now directly owns 1,582,363 shares of the company’s stock, valued at $68,041,609. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joshua G. Welch acquired 23,255 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the transaction, the director now directly owns 148,955 shares in the company, valued at approximately $6,405,065. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.60% of the stock is owned by company insiders.

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.