America’s Car-Mart, Inc. (CRMT) Stake Increased by WCM Investment Management CA

WCM Investment Management CA raised its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 18.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 164,704 shares of the company’s stock after acquiring an additional 26,021 shares during the period. WCM Investment Management CA’s holdings in America’s Car-Mart were worth $12,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of America’s Car-Mart in the 2nd quarter worth $272,000. Citadel Advisors LLC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at about $990,000. Schwab Charles Investment Management Inc. lifted its stake in shares of America’s Car-Mart by 12.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,003 shares of the company’s stock valued at $2,477,000 after purchasing an additional 4,466 shares during the period. Summit Global Investments acquired a new stake in shares of America’s Car-Mart in the second quarter valued at about $631,000. Finally, Credit Agricole S A acquired a new stake in shares of America’s Car-Mart in the second quarter valued at about $372,000. Institutional investors own 70.45% of the company’s stock.

Shares of NASDAQ CRMT traded up $0.34 during midday trading on Friday, hitting $75.24. The company had a trading volume of 42,382 shares, compared to its average volume of 53,316. America’s Car-Mart, Inc. has a twelve month low of $40.15 and a twelve month high of $89.85. The stock has a market capitalization of $504.89 million, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.70 and a beta of 1.02.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.38. America’s Car-Mart had a net margin of 6.41% and a return on equity of 13.52%. The firm had revenue of $164.02 million during the quarter, compared to the consensus estimate of $161.39 million. Research analysts forecast that America’s Car-Mart, Inc. will post 5.34 earnings per share for the current fiscal year.

In other America’s Car-Mart news, Director Robert Cameron Smith sold 3,550 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $85.15, for a total transaction of $302,282.50. Following the completion of the transaction, the director now directly owns 133,779 shares in the company, valued at approximately $11,391,281.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray C. Dillon bought 1,000 shares of the company’s stock in a transaction on Friday, September 21st. The shares were acquired at an average price of $80.45 per share, with a total value of $80,450.00. Following the completion of the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $201,125. The disclosure for this purchase can be found here. Company insiders own 10.00% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Bank of America raised their price objective on shares of America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Stephens set a $84.00 price objective on shares of America’s Car-Mart and gave the company a “hold” rating in a research note on Monday, August 20th. Finally, Janney Montgomery Scott upgraded shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and raised their price objective for the company from $61.00 to $96.00 in a research note on Monday, August 20th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. America’s Car-Mart currently has a consensus rating of “Buy” and a consensus target price of $86.20.

America’s Car-Mart Profile

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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