California State Teachers Retirement System Has $480,000 Position in America's Car-Mart, Inc. (CRMT)

California State Teachers Retirement System reduced its holdings in America's Car-Mart, Inc. (NASDAQ:CRMT) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,680 shares of the company’s stock after selling 1,667 shares during the quarter. California State Teachers Retirement System’s holdings in America's Car-Mart were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Magnolia Group LLC lifted its holdings in America's Car-Mart by 7.3% in the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock valued at $36,495,000 after buying an additional 60,526 shares during the period. Dimensional Fund Advisors LP lifted its holdings in America's Car-Mart by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock valued at $23,590,000 after buying an additional 3,531 shares during the period. Vanguard Group Inc. lifted its holdings in America's Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after buying an additional 20,317 shares during the period. WCM Investment Management CA lifted its holdings in America's Car-Mart by 1.3% in the third quarter. WCM Investment Management CA now owns 209,347 shares of the company’s stock valued at $8,609,000 after buying an additional 2,690 shares during the period. Finally, State Street Corp lifted its holdings in America's Car-Mart by 5.0% in the second quarter. State Street Corp now owns 144,997 shares of the company’s stock valued at $5,641,000 after buying an additional 6,957 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.

Shares of America's Car-Mart, Inc. (CRMT) opened at $43.25 on Tuesday. The firm has a market cap of $318.18, a price-to-earnings ratio of 16.12 and a beta of 0.99. America's Car-Mart, Inc. has a twelve month low of $30.20 and a twelve month high of $49.40.

America's Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The company had revenue of $149.12 million for the quarter, compared to analyst estimates of $149.63 million. America's Car-Mart had a net margin of 3.58% and a return on equity of 9.18%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. equities research analysts expect that America's Car-Mart, Inc. will post 3.07 EPS for the current fiscal year.

America's Car-Mart announced that its board has authorized a stock buyback program on Thursday, November 16th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Several equities analysts recently weighed in on CRMT shares. Zacks Investment Research lowered shares of America's Car-Mart from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. ValuEngine upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Jefferies Group increased their price objective on shares of America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. BidaskClub lowered shares of America's Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Finally, Stephens set a $50.00 target price on shares of America's Car-Mart and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. America's Car-Mart currently has an average rating of “Hold” and a consensus target price of $49.00.

In other America's Car-Mart news, Director Robert Cameron Smith sold 1,875 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $48.61, for a total value of $91,143.75. Following the sale, the director now directly owns 3,550 shares in the company, valued at $172,565.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.70% of the company’s stock.

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America's Car-Mart 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).

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

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