Prudential Financial Inc. Has $1.02 Million Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Prudential Financial Inc. cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,169 shares of the company’s stock after selling 417 shares during the period. Prudential Financial Inc. owned about 0.11% of America’s Car-Mart worth $1,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in America’s Car-Mart during the first quarter valued at approximately $858,000. Janus Henderson Group PLC bought a new stake in America’s Car-Mart in the first quarter worth approximately $242,000. BNP Paribas Arbitrage SA grew its position in America’s Car-Mart by 27.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,139 shares of the company’s stock worth $303,000 after acquiring an additional 460 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in America’s Car-Mart in the second quarter worth approximately $516,000. Finally, State of Alaska Department of Revenue grew its position in America’s Car-Mart by 1.9% in the second quarter. State of Alaska Department of Revenue now owns 4,255 shares of the company’s stock worth $603,000 after acquiring an additional 80 shares in the last quarter. 72.67% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on CRMT. Zacks Investment Research downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Monday. TheStreet downgraded shares of America’s Car-Mart from a “b” rating to a “c+” rating in a report on Tuesday, September 14th.

NASDAQ:CRMT opened at $105.39 on Thursday. The firm has a market cap of $688.93 million, a PE ratio of 6.61, a P/E/G ratio of 0.54 and a beta of 1.40. America’s Car-Mart, Inc. has a one year low of $102.49 and a one year high of $177.45. The firm’s fifty day moving average is $119.61.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Wednesday, November 17th. The company reported $3.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.13. America’s Car-Mart had a net margin of 10.34% and a return on equity of 27.31%. During the same quarter in the previous year, the company posted $3.05 earnings per share. On average, equities research analysts anticipate that America’s Car-Mart, Inc. will post 12.99 earnings per share for the current fiscal year.

About America’s Car-Mart

America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.

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

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