America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp acquired 6,770 shares of the stock in a transaction dated Tuesday, July 11th. The shares were bought at an average cost of $36.84 per share, with a total value of $249,406.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Tuesday, June 20th, Magnolia Capital Fund, Lp acquired 4,323 shares of America’s Car-Mart stock. The shares were bought at an average cost of $36.75 per share, with a total value of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp acquired 24,607 shares of America’s Car-Mart stock. The shares were bought at an average cost of $35.75 per share, with a total value of $879,700.25.
  • On Monday, April 17th, Magnolia Capital Fund, Lp acquired 18,313 shares of America’s Car-Mart stock. The shares were bought at an average cost of $35.85 per share, with a total value of $656,521.05.

America’s Car-Mart, Inc. (CRMT) traded up 2.53% during trading on Thursday, hitting $38.50. 108,600 shares of the company traded hands. The firm has a 50 day moving average of $37.21 and a 200 day moving average of $38.38. The firm has a market cap of $290.60 million, a P/E ratio of 15.46 and a beta of 0.95. America’s Car-Mart, Inc. has a one year low of $28.47 and a one year high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $158.24 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts expect that America’s Car-Mart, Inc. will post $3.05 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Bares Capital Management Inc. boosted its position in America’s Car-Mart by 2.1% in the first quarter. Bares Capital Management Inc. now owns 809,578 shares of the company’s stock valued at $29,509,000 after buying an additional 16,745 shares during the period. Schwab Charles Investment Management Inc. boosted its position in America’s Car-Mart by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock valued at $1,196,000 after buying an additional 1,368 shares during the period. Dimensional Fund Advisors LP boosted its position in America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after buying an additional 35,398 shares during the period. Kennedy Capital Management Inc. boosted its position in America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock valued at $8,798,000 after buying an additional 118,027 shares during the period. Finally, Geode Capital Management LLC boosted its position in America’s Car-Mart by 5.4% in the first quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock valued at $2,245,000 after buying an additional 3,130 shares during the period. 83.85% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the stock. Jefferies Group LLC boosted their price objective on shares of America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Zacks Investment Research cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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