SG Capital Management LLC Invests $6.60 Million in America’s Car-Mart, Inc. (NASDAQ:CRMT)

SG Capital Management LLC bought a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 128,861 shares of the company’s stock, valued at approximately $6,604,000. SG Capital Management LLC owned about 1.56% of America’s Car-Mart at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in America’s Car-Mart by 31.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after buying an additional 965 shares during the period. Graham Capital Management L.P. bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $383,000. Forest Hill Capital LLC boosted its stake in shares of America’s Car-Mart by 7.9% during the 4th quarter. Forest Hill Capital LLC now owns 26,976 shares of the company’s stock worth $1,383,000 after buying an additional 1,976 shares during the last quarter. Deutsche Bank AG grew its stake in America’s Car-Mart by 109.4% in the fourth quarter. Deutsche Bank AG now owns 4,555 shares of the company’s stock valued at $233,000 after purchasing an additional 2,380 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in America’s Car-Mart during the fourth quarter worth $710,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Insider Transactions at America’s Car-Mart

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, the director now owns 619,686 shares of the company’s stock, valued at $27,142,246.80. This trade represents a 13.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 19.60% of the stock is owned by insiders.

America’s Car-Mart Stock Performance

CRMT stock opened at $51.60 on Friday. The company’s 50-day simple moving average is $47.42 and its 200 day simple moving average is $47.29. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26. The company has a market capitalization of $426.32 million, a PE ratio of -62.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

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

Analysts Set New Price Targets

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

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.