America’s Car-Mart, Inc. (NASDAQ:CRMT) Position Reduced by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 46.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,214 shares of the company’s stock after selling 49,133 shares during the quarter. Acadian Asset Management LLC’s holdings in America’s Car-Mart were worth $4,855,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. American International Group Inc. raised its holdings in shares of America’s Car-Mart by 2.5% during the second quarter. American International Group Inc. now owns 4,338 shares of the company’s stock worth $381,000 after purchasing an additional 107 shares during the period. Horrell Capital Management Inc. raised its holdings in shares of America’s Car-Mart by 0.4% during the third quarter. Horrell Capital Management Inc. now owns 31,552 shares of the company’s stock worth $2,678,000 after purchasing an additional 124 shares during the period. Eqis Capital Management Inc. raised its holdings in shares of America’s Car-Mart by 5.7% during the second quarter. Eqis Capital Management Inc. now owns 4,416 shares of the company’s stock worth $388,000 after purchasing an additional 240 shares during the period. Aperio Group LLC raised its holdings in shares of America’s Car-Mart by 8.8% during the third quarter. Aperio Group LLC now owns 3,491 shares of the company’s stock worth $296,000 after purchasing an additional 283 shares during the period. Finally, Comerica Bank raised its holdings in shares of America’s Car-Mart by 3.5% during the third quarter. Comerica Bank now owns 8,382 shares of the company’s stock worth $784,000 after purchasing an additional 286 shares during the period. 68.26% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on CRMT shares. BidaskClub raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, November 6th. Stephens increased their target price on shares of America’s Car-Mart from $128.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a report on Tuesday, November 10th. Finally, ValuEngine cut shares of America’s Car-Mart from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $132.67.

CRMT stock opened at $101.64 on Friday. America’s Car-Mart, Inc. has a fifty-two week low of $35.18 and a fifty-two week high of $129.70. The firm’s 50-day simple moving average is $93.23 and its 200 day simple moving average is $90.09. The stock has a market cap of $695.42 million, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Sunday, November 15th. The company reported $3.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.35 by $0.70. America’s Car-Mart had a net margin of 7.90% and a return on equity of 20.44%. On average, analysts expect that America’s Car-Mart, Inc. will post 9.93 earnings per share for the current fiscal year.

In other America’s Car-Mart news, Director William H. Henderson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $102.42, for a total transaction of $512,100.00. Following the transaction, the director now owns 111,828 shares of the company’s stock, valued at approximately $11,453,423.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William H. Henderson sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $98.00, for a total transaction of $294,000.00. Following the transaction, the director now directly owns 107,830 shares in the company, valued at approximately $10,567,340. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,300 shares of company stock worth $837,489. Corporate insiders own 11.20% of the company’s stock.

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, 2020, it operated 148 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is based in Rogers, Arkansas.

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

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