America's Car-Mart, Inc. (NASDAQ:CRMT) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,156 shares of the company's stock after buying an additional 8,555 shares during the period. JPMorgan Chase & Co. owned approximately 1.00% of America's Car-Mart worth $4,210,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in America's Car-Mart during the fourth quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new position in shares of America's Car-Mart in the fourth quarter worth $117,000. Corebridge Financial Inc. lifted its holdings in shares of America's Car-Mart by 17.8% in the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock worth $183,000 after buying an additional 539 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of America's Car-Mart in the fourth quarter worth $220,000. Finally, Inceptionr LLC purchased a new position in shares of America's Car-Mart in the fourth quarter worth $304,000. 89.10% of the stock is currently owned by institutional investors.

America's Car-Mart Stock Performance

NASDAQ:CRMT traded up $0.53 during trading hours on Thursday, reaching $48.95. The company's stock had a trading volume of 7,126 shares, compared to its average volume of 98,494. The stock has a 50 day moving average price of $45.70 and a two-hundred day moving average price of $46.43. The company has a market capitalization of $404.38 million, a P/E ratio of -59.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. America's Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.38. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The business had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. As a group, analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at America's Car-Mart

In other America's Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the transaction, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered America's Car-Mart from a "buy" rating to a "hold" rating in a research report on Thursday.

America's Car-Mart 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.