America’s Car-Mart, Inc. (CRMT) Shares Sold by Citigroup Inc.

Citigroup Inc. cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 43.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,170 shares of the company’s stock after selling 1,648 shares during the quarter. Citigroup Inc.’s holdings in America’s Car-Mart were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in CRMT. Victory Capital Management Inc. boosted its stake in shares of America’s Car-Mart by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,970 shares of the company’s stock valued at $288,000 after purchasing an additional 155 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in shares of America’s Car-Mart by 0.9% in the fourth quarter. Horrell Capital Management Inc. now owns 31,029 shares of the company’s stock valued at $2,248,000 after purchasing an additional 283 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in shares of America’s Car-Mart by 1.8% in the fourth quarter. ClariVest Asset Management LLC now owns 17,671 shares of the company’s stock valued at $1,279,000 after purchasing an additional 306 shares during the last quarter. Lavaca Capital LLC bought a new position in America’s Car-Mart during the fourth quarter valued at about $25,000. Finally, Bank of Montreal Can grew its position in America’s Car-Mart by 0.8% during the fourth quarter. Bank of Montreal Can now owns 91,347 shares of the company’s stock valued at $6,618,000 after buying an additional 685 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on CRMT shares. Janney Montgomery Scott restated a “buy” rating and set a $99.00 price target on shares of America’s Car-Mart in a research report on Monday, April 15th. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Buckingham Research initiated coverage on shares of America’s Car-Mart in a report on Thursday, March 28th. They issued a “buy” rating and a $103.00 price target on the stock. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Tuesday, February 5th. Finally, Bank of America reissued a “buy” rating and set a $110.00 price target (up from $102.00) on shares of America’s Car-Mart in a research note on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.67.

NASDAQ:CRMT opened at $101.89 on Friday. America’s Car-Mart, Inc. has a twelve month low of $52.20 and a twelve month high of $101.96. The firm has a market capitalization of $671.10 million, a P/E ratio of 28.30, a P/E/G ratio of 0.80 and a beta of 0.90.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, February 19th. The company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.53. The firm had revenue of $161.05 million for the quarter, compared to analysts’ expectations of $163.97 million. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%. On average, equities analysts expect that America’s Car-Mart, Inc. will post 6.43 EPS for the current year.

In other America’s Car-Mart news, Director Gremp Jim Von sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $92.58, for a total transaction of $277,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $91.34, for a total value of $137,010.00. Following the transaction, the director now owns 117,015 shares of the company’s stock, valued at $10,688,150.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,500 shares of company stock valued at $1,235,950. 10.00% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: “America’s Car-Mart, Inc. (CRMT) Shares Sold by Citigroup Inc.” was first published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/27/americas-car-mart-inc-crmt-position-lessened-by-citigroup-inc.html.

About America’s Car-Mart

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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

Further Reading: What are momentum indicators and what do they show?

Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.