Franklin Resources Inc. Buys 2,455 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Franklin Resources Inc. raised its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 46.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,709 shares of the company’s stock after buying an additional 2,455 shares during the quarter. Franklin Resources Inc.’s holdings in America’s Car-Mart were worth $395,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in America’s Car-Mart during the fourth quarter worth $28,000. Quantbot Technologies LP purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at about $117,000. Corebridge Financial Inc. raised its holdings in shares of America’s Car-Mart by 17.8% in the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after purchasing an additional 539 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of America’s Car-Mart during the fourth quarter valued at about $220,000. Finally, Inceptionr LLC purchased a new position in America’s Car-Mart during the fourth quarter worth about $304,000. Institutional investors own 89.10% of the company’s stock.

Insider Buying and Selling at America’s Car-Mart

In other news, Director Jonathan Z. Buba acquired 75,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director now owns 619,686 shares of the company’s stock, valued at $27,142,246.80. The trade was a 13.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 19.60% of the company’s stock.

America’s Car-Mart Trading Up 2.4 %

Shares of CRMT stock opened at $48.05 on Friday. America’s Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26. The stock has a market capitalization of $396.99 million, a P/E ratio of -58.60, a PEG ratio of 1.41 and a beta of 1.40. The firm’s 50 day moving average is $45.92 and its 200 day moving average is $46.25.

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

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.