Magnolia Group LLC Trims Position in America’s Car-Mart, Inc. $CRMT

Magnolia Group LLC lessened its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 1,428,094 shares of the company’s stock after selling 154,269 shares during the quarter. America’s Car-Mart comprises 12.3% of Magnolia Group LLC’s investment portfolio, making the stock its 2nd largest position. Magnolia Group LLC owned 0.17% of America’s Car-Mart worth $80,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Argent Capital Management LLC lifted its position in shares of America’s Car-Mart by 5.5% during the 2nd quarter. Argent Capital Management LLC now owns 10,965 shares of the company’s stock valued at $614,000 after acquiring an additional 574 shares during the period. Rhumbline Advisers lifted its stake in shares of America’s Car-Mart by 2.2% in the first quarter. Rhumbline Advisers now owns 10,464 shares of the company’s stock valued at $475,000 after buying an additional 229 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in shares of America’s Car-Mart by 21.4% in the first quarter. Flaharty Asset Management LLC now owns 8,500 shares of the company’s stock valued at $386,000 after buying an additional 1,500 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of America’s Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after buying an additional 19,389 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of America’s Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after buying an additional 990 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Price Performance

Shares of CRMT stock opened at $24.87 on Friday. The firm has a 50-day moving average of $36.04 and a 200-day moving average of $45.59. The company has a market cap of $205.92 million, a P/E ratio of 16.05 and a beta of 1.23. America’s Car-Mart, Inc. has a one year low of $24.85 and a one year high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, September 4th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of $0.69 by ($1.38). The firm had revenue of $125.45 million during the quarter, compared to analysts’ expectations of $350.35 million. America’s Car-Mart had a net margin of 0.95% and a return on equity of 1.08%. As a group, research analysts expect that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRMT has been the topic of a number of recent research reports. Wall Street Zen raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Saturday. Stephens dropped their price objective on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of America’s Car-Mart in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, America’s Car-Mart has an average rating of “Hold” and an average target price of $45.00.

America’s Car-Mart Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.