BNP Paribas Financial Markets Raises Holdings in America's Car-Mart, Inc. (NASDAQ:CRMT)

BNP Paribas Financial Markets raised its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 65.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 63,866 shares of the company's stock after acquiring an additional 25,368 shares during the period. BNP Paribas Financial Markets owned approximately 0.77% of America's Car-Mart worth $3,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in America's Car-Mart by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 426,452 shares of the company's stock worth $21,856,000 after acquiring an additional 30,306 shares during the period. WCM Investment Management LLC grew its holdings in America's Car-Mart by 39.2% during the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company's stock valued at $16,577,000 after purchasing an additional 91,256 shares during the period. North Reef Capital Management LP increased its position in America's Car-Mart by 7.9% in the fourth quarter. North Reef Capital Management LP now owns 227,000 shares of the company's stock worth $11,634,000 after buying an additional 16,593 shares in the last quarter. Kize Capital LP bought a new position in shares of America's Car-Mart in the fourth quarter worth about $11,043,000. Finally, Geode Capital Management LLC raised its stake in shares of America's Car-Mart by 26.5% in the fourth quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock worth $9,116,000 after buying an additional 37,222 shares during the period. Hedge funds and other institutional investors own 89.10% of the company's stock.

America's Car-Mart Price Performance

Shares of CRMT stock traded down $0.72 on Monday, hitting $51.02. 28,978 shares of the stock traded hands, compared to its average volume of 98,380. 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 50 day simple moving average of $47.57 and a two-hundred day simple moving average of $47.48. The firm has a market cap of $421.53 million, a price-to-earnings ratio of -62.22, a PEG ratio of 1.41 and a beta of 1.38.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.38. The business had revenue of $325.73 million for the quarter, compared to analysts' expectations of $282.83 million. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. Sell-side analysts forecast that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Jonathan Z. Buba acquired 75,000 shares of America's Car-Mart stock in a transaction dated Monday, March 10th. The shares were purchased 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 approximately $27,142,246.80. This represents a 13.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded America's Car-Mart from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd.

America's Car-Mart 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.