America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 41.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,277 shares of the company’s stock after selling 36,455 shares during the period. Kennedy Capital Management LLC’s holdings in America’s Car-Mart were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Corebridge Financial Inc. raised its holdings in shares of America’s Car-Mart by 17.8% during the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock worth $183,000 after purchasing an additional 539 shares during the last quarter. R Squared Ltd purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at approximately $28,000. Rhumbline Advisers raised its position in America’s Car-Mart by 5.8% during the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company’s stock worth $525,000 after acquiring an additional 564 shares during the period. Wells Fargo & Company MN raised its position in shares of America’s Car-Mart by 63.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company’s stock worth $218,000 after purchasing an additional 1,655 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of America’s Car-Mart by 16.8% in the fourth quarter. American Century Companies Inc. now owns 11,533 shares of the company’s stock valued at $591,000 after acquiring an additional 1,662 shares in the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at America’s Car-Mart

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now owns 619,686 shares of the company’s stock, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 19.60% of the company’s stock.

America’s Car-Mart Stock Down 2.1 %

CRMT stock opened at $45.62 on Monday. The stock has a market cap of $376.91 million, a price-to-earnings ratio of -55.63, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. America’s Car-Mart, Inc. has a 52-week low of $36.40 and a 52-week high of $72.26. The business has a fifty day moving average of $46.13 and a two-hundred day moving average of $46.17.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $282.83 million. As a group, sell-side analysts anticipate that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th.

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.