America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp bought 14,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $37.61 per share, with a total value of $526,540.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 25th, Magnolia Capital Fund, Lp bought 19,000 shares of America’s Car-Mart stock. The stock was purchased at an average cost of $37.71 per share, with a total value of $716,490.00.
  • On Tuesday, July 11th, Magnolia Capital Fund, Lp bought 6,770 shares of America’s Car-Mart stock. The stock was purchased at an average cost 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 stock was purchased 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 bought 24,607 shares of America’s Car-Mart stock. The stock was purchased at an average cost of $35.75 per share, with a total value of $879,700.25.

America’s Car-Mart, Inc. (CRMT) remained flat at $38.15 during mid-day trading on Monday. 12,784 shares of the company traded hands. The company has a market cap of $287.96 million, a PE ratio of 15.32 and a beta of 0.94. America’s Car-Mart, Inc. has a 1-year low of $30.20 and a 1-year high of $47.75. The firm has a 50 day moving average of $38.18 and a 200-day moving average of $37.32.

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

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Several analysts have issued reports on CRMT shares. Zacks Investment Research raised America’s Car-Mart from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price objective on shares of America’s Car-Mart in a research note on Friday, May 12th.

Several institutional investors have recently made changes to their positions in CRMT. American International Group Inc. boosted its position in shares of 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 during the period. Prudential Financial Inc. bought a new position in shares of America’s Car-Mart during the first quarter worth approximately $304,000. Highbridge Capital Management LLC bought a new position in shares of America’s Car-Mart during the fourth quarter worth approximately $305,000. Russell Investments Group Ltd. bought a new position in shares of America’s Car-Mart during the fourth quarter worth approximately $529,000. Finally, TFS Capital LLC bought a new position in shares of America’s Car-Mart during the first quarter worth approximately $635,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.

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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