Barclays PLC Boosts Holdings in America's Car-Mart, Inc. (NASDAQ:CRMT)

Barclays PLC lifted its holdings in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 114.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,530 shares of the company's stock after purchasing an additional 11,470 shares during the quarter. Barclays PLC owned 0.26% of America's Car-Mart worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRMT. Dynamic Technology Lab Private Ltd bought a new position in shares of America's Car-Mart during the 4th quarter valued at about $573,000. Wells Fargo & Company MN grew its position in shares of America's Car-Mart by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock worth $218,000 after buying an additional 1,655 shares during the last quarter. Geode Capital Management LLC increased its position in America's Car-Mart by 26.5% during the 4th quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock valued at $9,116,000 after purchasing an additional 37,222 shares during the period. Franklin Resources Inc. increased its position in shares of America's Car-Mart by 46.7% during the fourth quarter. Franklin Resources Inc. now owns 7,709 shares of the company's stock valued at $395,000 after buying an additional 2,455 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of America's Car-Mart by 11.6% in the 4th quarter. JPMorgan Chase & Co. now owns 82,156 shares of the company's stock worth $4,210,000 after acquiring an additional 8,555 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research note on Friday.

America's Car-Mart Stock Performance

Shares of America's Car-Mart stock opened at $48.20 on Monday. The stock has a market capitalization of $398.23 million, a PE ratio of -58.78, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. America's Car-Mart, Inc. has a 52-week low of $36.40 and a 52-week high of $72.26. The company has a 50-day simple moving average of $45.91 and a two-hundred day simple moving average of $46.78.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.38. The firm had revenue of $325.73 million during the quarter, compared to analysts' expectations 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%. As a group, equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at America's Car-Mart

In related news, Director Jonathan Z. Buba purchased 75,000 shares of America's Car-Mart stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director now directly 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 document filed with the SEC, which is accessible through this hyperlink. 19.60% of the stock is owned by corporate insiders.

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.

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