US stock futures flat after Wall St drops on Trump tariffs, soft jobs data
OMAHA—Adam K. Peterson, a significant shareholder of Americas CarMart Inc. (NASDAQ:CRMT), has reported a series of stock sales in the company, according to a recent SEC filing. The company, currently valued at $479 million, has shown strong momentum with a 11% return over the past week, according to InvestingPro data. Over the course of three days, Peterson and associated entities sold a total of 154,269 shares, generating approximately $8.69 million.
The sales occurred at various prices, with the shares trading between $55.49 and $57.57. Following these transactions, Peterson and the associated entities still hold 1,428,094 shares of Americas CarMart. These transactions were executed by the Magnolia Capital Fund, LP, with The Magnolia Group, LLC serving as the general partner and investment manager.
Peterson, who manages The Magnolia Group, retains a significant interest in the company despite these sales. While the transactions reflect a reduction in holdings, they continue to maintain a substantial stake in the company.
In other recent news, America’s Car-Mart has successfully completed a $216 million asset-backed notes issuance, enhancing its capital structure and financing capabilities. This transaction, known as ACM Auto Trust 2025-2, involved the issuance of two classes of notes, with a weighted average coupon rate of 6.27%. The company’s CEO, Douglas Campbell, highlighted strong market demand and improved pricing, reflecting growing confidence in their portfolio. Additionally, Jonathan Collins has been appointed as the new Chief Financial Officer, succeeding Vickie Judy, who will transition to Chief Accounting Officer. Collins, with a background in finance and real estate from Walmart (NYSE:WMT), is expected to strengthen Car-Mart’s financial planning capabilities. Meanwhile, BTIG analysts have maintained a neutral rating on America’s Car-Mart stock after a visit with company executives. They noted operational changes in procurement, reconditioning, and logistics, which could enhance scalability and reduce costs. However, BTIG remains cautious and will continue to monitor the impact of these changes on the company’s financial results.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.