JPMorgan Chase & Co. Purchases 57,304 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

JPMorgan Chase & Co. grew its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 351.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 73,601 shares of the company's stock after buying an additional 57,304 shares during the period. JPMorgan Chase & Co. owned 0.89% of America's Car-Mart worth $3,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deerfield Management Company L.P. Series C grew its holdings in America's Car-Mart by 459.9% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company's stock worth $1,341,000 after acquiring an additional 18,290 shares during the period. American Century Companies Inc. grew its stake in shares of America's Car-Mart by 12.1% during the second quarter. American Century Companies Inc. now owns 8,371 shares of the company's stock worth $504,000 after purchasing an additional 905 shares during the period. Geode Capital Management LLC increased its holdings in America's Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company's stock valued at $5,896,000 after purchasing an additional 2,807 shares during the last quarter. PDT Partners LLC bought a new position in shares of America's Car-Mart during the third quarter worth about $974,000. Finally, Portolan Capital Management LLC bought a new stake in America's Car-Mart in the 3rd quarter valued at approximately $3,197,000. Institutional investors own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

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 Trading Up 1.6 %

Shares of CRMT traded up $0.73 during mid-day trading on Monday, reaching $46.23. The company's stock had a trading volume of 118,438 shares, compared to its average volume of 97,484. America's Car-Mart, Inc. has a 1-year low of $37.98 and a 1-year high of $74.10. The business has a 50-day simple moving average of $48.66 and a two-hundred day simple moving average of $51.27. The stock has a market cap of $381.54 million, a P/E ratio of -56.38, a PEG ratio of 2.53 and a beta of 1.64.

About America's Car-Mart

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.