Divisadero Street Capital Management LP Has $7.54 Million Stake in America’s Car-Mart, Inc. $CRMT

Divisadero Street Capital Management LP grew its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 126.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,471 shares of the company’s stock after purchasing an additional 75,190 shares during the quarter. Divisadero Street Capital Management LP owned about 1.62% of America’s Car-Mart worth $7,536,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in America’s Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the period. AlphaQuest LLC increased its position in America’s Car-Mart by 1,316.3% in the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company’s stock worth $91,000 after buying an additional 1,856 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of America’s Car-Mart by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after buying an additional 255 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of America’s Car-Mart in the first quarter valued at approximately $209,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of America’s Car-Mart in the second quarter valued at approximately $222,000. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Price Performance

CRMT opened at $26.04 on Monday. The company has a market capitalization of $215.61 million, a P/E ratio of -14.71 and a beta of 1.15. The firm’s fifty day moving average price is $23.58 and its two-hundred day moving average price is $39.14. America’s Car-Mart, Inc. has a fifty-two week low of $17.78 and a fifty-two week high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, December 4th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($1.39). America’s Car-Mart had a positive return on equity of 0.28% and a negative net margin of 1.04%.The business had revenue of $350.19 million for the quarter, compared to the consensus estimate of $344.84 million. On average, equities research analysts expect that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRMT shares. Wall Street Zen lowered shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Stephens decreased their price target on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of America’s Car-Mart in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, America’s Car-Mart has an average rating of “Hold” and a consensus target price of $45.00.

America’s Car-Mart Company 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.