Kennedy Capital Management LLC lessened its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,277 shares of the company's stock after selling 36,455 shares during the period. Kennedy Capital Management LLC owned about 0.63% of America's Car-Mart worth $2,679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC lifted its stake in shares of America's Car-Mart by 75.0% during the 4th quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company's stock worth $359,000 after purchasing an additional 3,000 shares during the period. JPMorgan Chase & Co. boosted its stake in America's Car-Mart by 351.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company's stock worth $3,085,000 after buying an additional 57,304 shares during the last quarter. Geode Capital Management LLC boosted its stake in America's Car-Mart by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company's stock worth $5,896,000 after buying an additional 2,807 shares during the last quarter. Argent Capital Management LLC purchased a new stake in America's Car-Mart in the 4th quarter valued at about $315,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of America's Car-Mart by 8.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock valued at $3,889,000 after acquiring an additional 5,734 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Wednesday.
Read Our Latest Report on CRMT
America's Car-Mart Stock Up 2.4 %
Shares of CRMT stock traded up $1.11 on Friday, reaching $48.05. 57,153 shares of the stock were exchanged, compared to its average volume of 98,791. The stock has a market cap of $396.99 million, a P/E ratio of -58.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The firm has a 50 day moving average of $45.87 and a two-hundred day moving average of $46.29. America's Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.38. The company had revenue of $325.73 million during 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%. On average, equities research analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.
Insider Activity at America's Car-Mart
In other America's Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the transaction, the director now 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 legal filing with the SEC, which can be accessed through this link. 19.60% of the stock is currently owned by insiders.
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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