Yacktman Asset Management LP lowered its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,000 shares of the company's stock after selling 16,000 shares during the quarter. Yacktman Asset Management LP owned about 0.19% of America's Car-Mart worth $820,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in America's Car-Mart during the 4th quarter worth approximately $28,000. Point72 DIFC Ltd acquired a new position in America's Car-Mart during the third quarter worth $40,000. Point72 Asset Management L.P. grew its position in America's Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company's stock valued at $80,000 after purchasing an additional 1,414 shares in the last quarter. Sentry Investment Management LLC bought a new position in America's Car-Mart in the third quarter valued at $113,000. Finally, Quest Partners LLC lifted its position in 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 buying an additional 6,367 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on CRMT. Stephens upgraded America's Car-Mart from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com downgraded America's Car-Mart from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th.
Read Our Latest Analysis on America's Car-Mart
America's Car-Mart Price Performance
CRMT stock traded down $0.62 during trading hours on Friday, reaching $50.53. The stock had a trading volume of 27,768 shares, compared to its average volume of 77,481. The stock has a 50-day simple moving average of $50.35 and a 200 day simple moving average of $49.38. America's Car-Mart, Inc. has a fifty-two week low of $37.98 and a fifty-two week high of $74.10. The stock has a market capitalization of $417.02 million, a PE ratio of -61.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64.
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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