WCM Investment Management LLC Purchases 91,256 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

WCM Investment Management LLC grew its position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 39.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,091 shares of the company's stock after purchasing an additional 91,256 shares during the period. WCM Investment Management LLC owned approximately 3.93% of America's Car-Mart worth $16,577,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of America's Car-Mart during the 4th quarter worth $28,000. Point72 DIFC Ltd bought a new stake in shares of America's Car-Mart during the 3rd quarter worth $40,000. Point72 Asset Management L.P. lifted its holdings in shares of America's Car-Mart by 290.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company's stock worth $80,000 after acquiring an additional 1,414 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of America's Car-Mart during the 3rd quarter worth $113,000. Finally, Quest Partners LLC lifted its holdings in shares of America's Car-Mart by 3,215.7% during the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company's stock worth $275,000 after acquiring an additional 6,367 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRMT shares. 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. StockNews.com downgraded shares of America's Car-Mart from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.

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America's Car-Mart Price Performance

America's Car-Mart stock traded up $1.15 during mid-day trading on Thursday, hitting $51.15. The company's stock had a trading volume of 37,219 shares, compared to its average volume of 79,228. The stock has a market cap of $421.99 million, a price-to-earnings ratio of -62.38, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The business has a 50 day moving average price of $50.38 and a 200-day moving average price of $49.37. America's Car-Mart, Inc. has a 12 month low of $37.98 and a 12 month high of $74.10.

America's Car-Mart Company 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.