Cubist Systematic Strategies LLC Increases Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Cubist Systematic Strategies LLC raised its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 155.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,029 shares of the company’s stock after acquiring an additional 12,790 shares during the period. Cubist Systematic Strategies LLC owned about 0.25% of America’s Car-Mart worth $1,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in America’s Car-Mart during the fourth quarter valued at approximately $28,000. Quantbot Technologies LP bought a new position in America’s Car-Mart during the fourth quarter valued at approximately $117,000. Aquatic Capital Management LLC grew its position in America’s Car-Mart by 249.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after acquiring an additional 1,995 shares during the last quarter. Corebridge Financial Inc. grew its position in America’s Car-Mart by 17.8% during the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in America’s Car-Mart during the fourth quarter valued at approximately $216,000. 89.10% of the stock is currently owned by institutional investors.

Insider Transactions at America’s Car-Mart

In other news, Director Jonathan Z. Buba bought 75,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. This trade represents a 13.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd.

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock opened at $52.75 on Wednesday. America’s Car-Mart, Inc. has a 52-week low of $36.40 and a 52-week high of $72.26. The stock has a market capitalization of $435.82 million, a price-to-earnings ratio of -64.33, a P/E/G ratio of 1.41 and a beta of 1.38. The company’s 50 day moving average price is $47.12 and its 200-day moving average price is $47.18.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.38. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. As a group, equities research analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

About America’s Car-Mart

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.