SG Americas Securities LLC purchased a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,702 shares of the company’s stock, valued at approximately $350,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in America’s Car-Mart during the fourth quarter worth about $117,000. Aquatic Capital Management LLC grew its holdings in America’s Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after buying an additional 1,995 shares during the period. Corebridge Financial Inc. increased its stake in shares of America’s Car-Mart by 17.8% during the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of America’s Car-Mart by 31.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after acquiring an additional 965 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of America’s Car-Mart during the 4th quarter worth about $216,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.
America’s Car-Mart Trading Down 3.6%
Shares of NASDAQ CRMT opened at $53.51 on Thursday. America’s Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26. The company has a market cap of $441.99 million, a PE ratio of 25.60, a P/E/G ratio of 0.40 and a beta of 1.33. The stock has a 50 day simple moving average of $50.03 and a 200-day simple moving average of $48.70.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, June 6th.
Check Out Our Latest Research Report on CRMT
Insiders Place Their Bets
In other news, major shareholder Adam K. Peterson sold 53,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $55.49, for a total transaction of $2,940,970.00. Following the completion of the sale, the insider now directly owns 1,516,094 shares of the company’s stock, valued at $84,128,056.06. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 154,269 shares of company stock worth $8,689,460. Corporate insiders own 19.60% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than America’s Car-Mart
- Compound Interest and Why It Matters When Investing
- Top 3 Bank Stocks to Watch as Fed Rate Cuts Loom
- 3 REITs to Buy and Hold for the Long Term
- Uber and Tesla Surge on Robotaxis, Analyst Touts Texas Rides
- Stock Market Upgrades: What Are They?
- ASML Keeps Buying Back Its Own Stock—Chasing Discount and Upside
Want to see what other hedge funds are holding CRMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for America’s Car-Mart, Inc. (NASDAQ:CRMT – Free Report).
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.