Semanteon Capital Management LP Makes New $310,000 Investment in America's Car-Mart, Inc. (NASDAQ:CRMT)

Semanteon Capital Management LP bought a new stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,057 shares of the company's stock, valued at approximately $310,000. Semanteon Capital Management LP owned about 0.07% of America's Car-Mart at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in shares of America's Car-Mart by 3,215.7% during 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 during the period. BNP Paribas Financial Markets raised its holdings in America's Car-Mart by 16.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,498 shares of the company's stock valued at $1,614,000 after acquiring an additional 5,377 shares during the last quarter. Waterfall Asset Management LLC purchased a new position in shares of America's Car-Mart during the 3rd quarter worth $1,258,000. PDT Partners LLC acquired a new stake in shares of America's Car-Mart during the third quarter worth $974,000. Finally, HITE Hedge Asset Management LLC grew its position in shares of America's Car-Mart by 11.8% in the third quarter. HITE Hedge Asset Management LLC now owns 26,890 shares of the company's stock valued at $1,127,000 after purchasing an additional 2,831 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRMT has been the topic of several recent analyst reports. StockNews.com upgraded America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Stephens upgraded shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd.

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Insider Transactions at America's Car-Mart

In related news, Director Jonathan Z. Buba purchased 75,000 shares of America's Car-Mart stock in a transaction that occurred on Monday, March 10th. The shares were 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 of the company's stock, valued at approximately $27,142,246.80. The trade was a 13.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 19.60% of the company's stock.

America's Car-Mart Price Performance

CRMT stock traded down $0.55 during midday trading on Wednesday, reaching $47.89. 50,243 shares of the company's stock traded hands, compared to its average volume of 97,541. America's Car-Mart, Inc. has a fifty-two week low of $36.40 and a fifty-two week high of $72.26. The business has a 50-day moving average price of $46.85 and a two-hundred day moving average price of $46.26. The company has a market capitalization of $395.67 million, a P/E ratio of -58.40, a PEG ratio of 1.41 and a beta of 1.71.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.38. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. As a group, research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

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.