Bank of New York Mellon Corp Sells 782 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Bank of New York Mellon Corp trimmed its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,005 shares of the company’s stock after selling 782 shares during the quarter. Bank of New York Mellon Corp’s holdings in America’s Car-Mart were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in America’s Car-Mart in the 4th quarter worth approximately $28,000. Point72 DIFC Ltd purchased a new position in shares of America’s Car-Mart in the third quarter valued at $40,000. Point72 Asset Management L.P. increased its position in America’s Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after purchasing an additional 1,414 shares during the last quarter. Quest Partners LLC raised its stake in America’s Car-Mart by 3,215.7% during the third quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after purchasing an additional 6,367 shares in the last quarter. Finally, Argent Capital Management LLC bought a new position in America’s Car-Mart during the fourth quarter valued at $315,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other America’s Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, the director now owns 619,686 shares in the company, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 19.60% of the stock is owned by insiders.

America’s Car-Mart Stock Up 4.6 %

NASDAQ CRMT opened at $49.76 on Tuesday. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26. The firm has a market capitalization of $411.12 million, a price-to-earnings ratio of -60.68, a PEG ratio of 1.41 and a beta of 1.71. The company has a fifty day moving average of $46.77 and a two-hundred day moving average of $46.29.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.38. The firm had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. Equities research analysts anticipate that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRMT. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

About America’s Car-Mart

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.