Charles Schwab Investment Management Inc. raised its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 75,887 shares of the company's stock after acquiring an additional 5,734 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.92% of America's Car-Mart worth $3,889,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of America's Car-Mart in the 4th quarter worth $28,000. Rhumbline Advisers lifted its stake in shares of America's Car-Mart by 5.8% in the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company's stock valued at $525,000 after buying an additional 564 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of America's Car-Mart during the third quarter valued at about $40,000. Point72 Asset Management L.P. grew its holdings in shares of 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 buying an additional 1,414 shares during the last quarter. Finally, State Street Corp increased its position in shares of America's Car-Mart by 1.0% during the third quarter. State Street Corp now owns 180,055 shares of the company's stock worth $7,548,000 after acquiring an additional 1,810 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.
Insider Transactions at America's Car-Mart
In related news, Director Jonathan Z. Buba acquired 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now owns 619,686 shares of the company's stock, valued at approximately $27,142,246.80. This represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CRMT. Stephens raised America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Stock Analysis on CRMT
America's Car-Mart Stock Performance
Shares of America's Car-Mart stock traded down $1.77 during mid-day trading on Friday, hitting $45.60. 71,471 shares of the stock were exchanged, compared to its average volume of 98,881. America's Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26. The company has a 50-day simple moving average of $46.91 and a 200 day simple moving average of $46.22. The company has a market capitalization of $376.75 million, a P/E ratio of -55.61, a P/E/G ratio of 1.41 and a beta of 1.71.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.38. The business had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. Analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current year.
About America's Car-Mart
(
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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