America’s Car-Mart, Inc. (CRMT) Stake Lifted by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. lifted its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,843 shares of the company’s stock after purchasing an additional 51,481 shares during the quarter. Kennedy Capital Management Inc. owned 3.88% of America’s Car-Mart worth $11,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Bares Capital Management Inc. grew its holdings in shares of America’s Car-Mart by 2.1% during the 1st quarter. Bares Capital Management Inc. now owns 809,578 shares of the company’s stock valued at $29,509,000 after purchasing an additional 16,745 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of America’s Car-Mart by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after purchasing an additional 35,398 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of America’s Car-Mart by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock valued at $11,956,000 after purchasing an additional 18,331 shares during the last quarter. WCM Investment Management CA grew its holdings in shares of America’s Car-Mart by 1.0% during the 2nd quarter. WCM Investment Management CA now owns 206,657 shares of the company’s stock valued at $8,039,000 after purchasing an additional 2,015 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of America’s Car-Mart by 4.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock valued at $5,555,000 after purchasing an additional 7,060 shares during the last quarter. 87.14% of the stock is currently owned by institutional investors.

In other America’s Car-Mart news, Director Eddie L. Hight sold 1,859 shares of America’s Car-Mart stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $39.55, for a total transaction of $73,523.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp bought 4,323 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was purchased at an average price of $36.75 per share, for a total transaction of $158,870.25. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 64,849 shares of company stock worth $2,414,209 and have sold 60,120 shares worth $2,314,508. Company insiders own 11.70% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Jefferies Group LLC reissued a “hold” rating and set a $41.00 target price on shares of America’s Car-Mart in a report on Friday, August 18th. Stephens began coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, ValuEngine lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.67.

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America’s Car-Mart, Inc. (NASDAQ:CRMT) remained flat at $40.80 during midday trading on Friday. The company had a trading volume of 71,712 shares. The stock has a market cap of $300.49 million, a PE ratio of 16.28 and a beta of 0.95. America’s Car-Mart, Inc. has a one year low of $30.20 and a one year high of $47.75. The firm’s 50 day moving average price is $38.53 and its 200 day moving average price is $36.98.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, hitting the consensus estimate of $0.90. The firm had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, equities analysts predict that America’s Car-Mart, Inc. will post $3.07 EPS for the current year.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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

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