SG Capital Management LLC Reduces Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

SG Capital Management LLC lowered its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 72.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 46,186 shares of the company’s stock after selling 119,827 shares during the quarter. America’s Car-Mart comprises 0.6% of SG Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding. SG Capital Management LLC owned about 0.69% of America’s Car-Mart worth $3,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRMT. WCM Investment Management LLC increased its holdings in shares of America’s Car-Mart by 66.2% in the 1st quarter. WCM Investment Management LLC now owns 304,215 shares of the company’s stock valued at $27,787,000 after acquiring an additional 121,123 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of America’s Car-Mart in the 2nd quarter valued at about $2,780,000. Marshall Wace LLP boosted its position in shares of America’s Car-Mart by 117.7% in the 1st quarter. Marshall Wace LLP now owns 40,200 shares of the company’s stock valued at $3,672,000 after purchasing an additional 21,736 shares during the period. Bessemer Group Inc. acquired a new stake in shares of America’s Car-Mart in the 2nd quarter valued at about $714,000. Finally, Acadian Asset Management LLC boosted its position in shares of America’s Car-Mart by 8.3% in the 1st quarter. Acadian Asset Management LLC now owns 93,336 shares of the company’s stock valued at $8,522,000 after purchasing an additional 7,139 shares during the period. Institutional investors and hedge funds own 74.21% of the company’s stock.

America’s Car-Mart stock traded down $1.34 during mid-day trading on Thursday, reaching $88.82. 58,058 shares of the company were exchanged, compared to its average volume of 80,886. America’s Car-Mart, Inc. has a twelve month low of $62.80 and a twelve month high of $104.05. The stock has a 50-day moving average price of $86.61. The stock has a market capitalization of $605.14 million, a price-to-earnings ratio of 13.77, a PEG ratio of 0.63 and a beta of 0.93.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, May 21st. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.24. America’s Car-Mart had a return on equity of 19.10% and a net margin of 7.12%. The company had revenue of $176.88 million during the quarter, compared to analysts’ expectations of $187.85 million. Analysts forecast that America’s Car-Mart, Inc. will post 7.25 EPS for the current fiscal year.

CRMT has been the subject of a number of research analyst reports. BidaskClub raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Zacks Investment Research cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Janney Montgomery Scott reaffirmed a “buy” rating and set a $99.00 price objective on shares of America’s Car-Mart in a research report on Monday, April 15th. Finally, Buckingham Research set a $107.00 price objective on America’s Car-Mart and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.50.

In other news, Director William H. Henderson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $86.08, for a total value of $344,320.00. Following the completion of the sale, the director now directly owns 122,830 shares of the company’s stock, valued at approximately $10,573,206.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Henderson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.11, for a total value of $129,165.00. Following the completion of the sale, the director now directly owns 112,515 shares of the company’s stock, valued at $9,688,666.65. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $943,615 over the last three months. Insiders own 10.00% of the company’s stock.

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

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

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