Bokf Na lifted its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,179 shares of the company’s stock after purchasing an additional 2,309 shares during the quarter. Bokf Na owned about 0.30% of America’s Car-Mart worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRMT. Lavaca Capital LLC purchased a new position in America’s Car-Mart during the fourth quarter valued at $25,000. Advisor Group Inc. raised its stake in America’s Car-Mart by 925.0% during the fourth quarter. Advisor Group Inc. now owns 1,025 shares of the company’s stock valued at $74,000 after buying an additional 925 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in America’s Car-Mart during the fourth quarter valued at $93,000. Jefferies Group LLC purchased a new position in America’s Car-Mart during the third quarter valued at $202,000. Finally, Victory Capital Management Inc. raised its stake in America’s Car-Mart by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,970 shares of the company’s stock valued at $288,000 after buying an additional 155 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research note on Friday, February 22nd. BidaskClub cut America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Jefferies Financial Group restated a “hold” rating and issued a $87.00 price target on shares of America’s Car-Mart in a research note on Tuesday, November 20th. Bank of America restated a “buy” rating and issued a $110.00 price target (up previously from $102.00) on shares of America’s Car-Mart in a research note on Tuesday, February 26th. Finally, ValuEngine upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. America’s Car-Mart presently has an average rating of “Buy” and a consensus target price of $94.80.
CRMT stock opened at $83.60 on Friday. America’s Car-Mart, Inc. has a 1-year low of $48.70 and a 1-year high of $89.85. The firm has a market capitalization of $560.71 million, a PE ratio of 23.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.88.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.53. America’s Car-Mart had a return on equity of 18.04% and a net margin of 6.53%. The firm had revenue of $161.05 million during the quarter, compared to analysts’ expectations of $163.97 million. As a group, research analysts expect that America’s Car-Mart, Inc. will post 6.43 EPS for the current fiscal year.
In other news, Director William H. Henderson sold 10,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $82.12, for a total value of $821,200.00. Following the completion of the transaction, the director now owns 126,438 shares in the company, valued at $10,383,088.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.
America’s Car-Mart Profile
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.
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