America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,452 shares of the company's stock after purchasing an additional 30,306 shares during the period. Vanguard Group Inc. owned approximately 5.17% of America's Car-Mart worth $21,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of America's Car-Mart during the fourth quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in America's Car-Mart in the fourth quarter valued at about $117,000. Cornerstone Investment Partners LLC acquired a new stake in America's Car-Mart during the fourth quarter valued at approximately $220,000. Inceptionr LLC bought a new position in America's Car-Mart during the 4th quarter worth approximately $304,000. Finally, Semanteon Capital Management LP acquired a new position in shares of America's Car-Mart in the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 89.10% of the company's stock.

Insider Activity

In other America's Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the acquisition, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. This represents a 13.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.60% of the company's stock.

America's Car-Mart Stock Up 2.4 %

CRMT stock traded up $1.11 during midday trading on Friday, reaching $48.05. The company had a trading volume of 57,153 shares, compared to its average volume of 98,881. The firm has a market capitalization of $396.99 million, a PE ratio of -58.60, a P/E/G ratio of 1.41 and a beta of 1.40. The stock has a 50 day moving average price of $45.87 and a 200 day moving average price of $46.37. America's Car-Mart, Inc. has a fifty-two week low of $36.40 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.38. The business had revenue of $325.73 million for the quarter, compared to the consensus estimate 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%. Research analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded America's Car-Mart from a "hold" rating to a "buy" rating in a research note on Wednesday.

America's Car-Mart Profile

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.