America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp bought 19,000 shares of America’s Car-Mart stock in a transaction that occurred on Tuesday, July 25th. The shares were acquired at an average price of $37.71 per share, with a total value of $716,490.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, July 11th, Magnolia Capital Fund, Lp bought 6,770 shares of America’s Car-Mart stock. The shares were acquired at an average price of $36.84 per share, with a total value of $249,406.80.
  • On Tuesday, June 20th, Magnolia Capital Fund, Lp bought 4,323 shares of America’s Car-Mart stock. The shares were acquired at an average price of $36.75 per share, with a total value of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp bought 24,607 shares of America’s Car-Mart stock. The shares were acquired at an average price of $35.75 per share, with a total value of $879,700.25.

America’s Car-Mart, Inc. (NASDAQ:CRMT) traded up 2.09% during mid-day trading on Thursday, reaching $39.10. 62,336 shares of the company’s stock traded hands. America’s Car-Mart, Inc. has a 12 month low of $30.20 and a 12 month high of $47.75. The stock has a market cap of $295.13 million, a P/E ratio of 15.70 and a beta of 0.95. The company has a 50 day moving average price of $38.01 and a 200-day moving average price of $37.49.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Monday, May 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. The firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $158.24 million. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, analysts anticipate that America’s Car-Mart, Inc. will post $3.06 EPS for the current year.

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Several brokerages recently commented on CRMT. Zacks Investment Research cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and set a $36.00 target price on shares of America’s Car-Mart in a report on Friday, May 12th.

A number of institutional investors have recently bought and sold shares of CRMT. American International Group Inc. increased its position in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock worth $177,000 after buying an additional 326 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in America’s Car-Mart during the fourth quarter worth about $305,000. Prudential Financial Inc. purchased a new position in America’s Car-Mart during the first quarter worth about $304,000. Russell Investments Group Ltd. purchased a new position in America’s Car-Mart during the fourth quarter worth about $529,000. Finally, TFS Capital LLC purchased a new position in America’s Car-Mart during the first quarter worth about $635,000. 83.86% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Company Profile

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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