Argent Capital Management LLC Takes Position in America's Car-Mart, Inc. (NASDAQ:CRMT)

Argent Capital Management LLC acquired a new position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,138 shares of the company's stock, valued at approximately $315,000. Argent Capital Management LLC owned 0.07% of America's Car-Mart at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in America's Car-Mart in the third quarter valued at approximately $40,000. Point72 Asset Management L.P. lifted its stake in shares of America's Car-Mart by 290.9% in the 3rd 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 period. Sentry Investment Management LLC purchased a new stake in America's Car-Mart during the third quarter worth $113,000. Hsbc Holdings PLC acquired a new stake in America's Car-Mart during the second quarter valued at $221,000. Finally, Quest Partners LLC increased its holdings in America's Car-Mart by 3,215.7% in the third quarter. Quest Partners LLC now owns 6,565 shares of the company's stock valued at $275,000 after buying an additional 6,367 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

America's Car-Mart Stock Performance

America's Car-Mart stock traded up $0.73 during trading on Friday, reaching $46.23. The company had a trading volume of 118,438 shares, compared to its average volume of 82,295. The firm's 50-day simple moving average is $48.58 and its 200 day simple moving average is $51.48. The firm has a market capitalization of $381.40 million, a PE ratio of -56.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.64. America's Car-Mart, Inc. has a 1-year low of $37.98 and a 1-year high of $74.10.

Analyst Ratings Changes

Separately, Stephens raised shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd.

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.