Jump Financial LLC Makes New Investment in America's Car-Mart, Inc. (NASDAQ:CRMT)

Jump Financial LLC bought a new position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,971 shares of the company's stock, valued at approximately $767,000. Jump Financial LLC owned 0.18% of America's Car-Mart as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Corebridge Financial Inc. lifted its holdings in shares of America's Car-Mart by 17.8% during the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock valued at $183,000 after purchasing an additional 539 shares during the last quarter. R Squared Ltd purchased a new position in America's Car-Mart during the fourth quarter valued at $28,000. Rhumbline Advisers boosted its holdings in America's Car-Mart by 5.8% in the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company's stock worth $525,000 after acquiring an additional 564 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of America's Car-Mart by 63.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock worth $218,000 after acquiring an additional 1,655 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of America's Car-Mart by 16.8% during the fourth quarter. American Century Companies Inc. now owns 11,533 shares of the company's stock valued at $591,000 after acquiring an additional 1,662 shares in the last quarter. Institutional investors own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th.

America's Car-Mart Trading Up 3.4 %

CRMT stock opened at $48.02 on Wednesday. The stock's 50 day simple moving average is $45.73 and its 200 day simple moving average is $46.41. America's Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26. The stock has a market capitalization of $396.74 million, a PE ratio of -58.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. On average, research analysts predict that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Insider Activity

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 19.60% of the company's stock.

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.

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