Rhumbline Advisers reduced its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,825 shares of the company’s stock after selling 1,104 shares during the period. Rhumbline Advisers owned 0.11% of America’s Car-Mart worth $349,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. increased its stake in America’s Car-Mart by 4.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 34,360 shares of the company’s stock valued at $1,414,000 after purchasing an additional 1,411 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of America’s Car-Mart by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,317 shares of the company’s stock worth $506,000 after acquiring an additional 1,592 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of America’s Car-Mart during the fourth quarter worth approximately $156,000. Dimensional Fund Advisors LP grew its position in shares of America’s Car-Mart by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock worth $23,590,000 after acquiring an additional 3,531 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of America’s Car-Mart during the third quarter worth approximately $287,000. Institutional investors own 82.21% of the company’s stock.
Shares of CRMT opened at $50.30 on Monday. The company has a market cap of $348.00, a PE ratio of 16.71 and a beta of 0.86. America’s Car-Mart, Inc. has a 12-month low of $33.05 and a 12-month high of $52.45.
America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Monday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. The business had revenue of $147.20 million for the quarter, compared to analyst estimates of $136.55 million. During the same period last year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts predict that America’s Car-Mart, Inc. will post 3.27 EPS for the current year.
In related news, Director William H. Henderson sold 3,454 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $50.00, for a total transaction of $172,700.00. Following the completion of the sale, the director now directly owns 137,190 shares of the company’s stock, valued at $6,859,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Henderson sold 11,546 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $49.50, for a total value of $571,527.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,000 shares of company stock valued at $1,484,327. Corporate insiders own 11.70% of the company’s stock.
CRMT has been the topic of a number of research reports. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, January 17th. ValuEngine upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. BidaskClub upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Stephens set a $50.00 target price on shares of America’s Car-Mart and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.00.
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About America’s Car-Mart
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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