Franklin Resources Inc. reduced its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 89.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,254 shares of the company's stock after selling 43,555 shares during the period. Franklin Resources Inc. owned about 0.06% of America's Car-Mart worth $220,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of CRMT. Point72 DIFC Ltd bought a new stake in shares of America's Car-Mart in the 3rd quarter valued at approximately $40,000. Point72 Asset Management L.P. increased its stake in America's Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company's stock valued at $80,000 after purchasing an additional 1,414 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of America's Car-Mart during the third quarter worth $113,000. Hsbc Holdings PLC bought a new position in shares of America's Car-Mart in the 2nd quarter worth about $221,000. Finally, Quest Partners LLC lifted its position in shares of America's Car-Mart by 3,215.7% in the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company's stock worth $275,000 after buying an additional 6,367 shares during the last quarter. Institutional investors own 89.10% of the company's stock.
America's Car-Mart Trading Down 2.8 %
CRMT traded down $1.44 during trading on Thursday, reaching $49.81. 78,788 shares of the company were exchanged, compared to its average volume of 105,996. The stock has a market cap of $411.08 million, a P/E ratio of -60.74, a PEG ratio of 3.13 and a beta of 1.68. America's Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $74.10. The firm has a 50 day moving average of $47.32 and a 200 day moving average of $52.41.
Wall Street Analyst Weigh In
Separately, Stephens upgraded shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd.
Get Our Latest Stock Report on America's Car-Mart
America's Car-Mart Company Profile
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Free Report)
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.
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