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

BNP Paribas Financial Markets grew its position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,866 shares of the company's stock after acquiring an additional 25,368 shares during the quarter. BNP Paribas Financial Markets owned about 0.77% of America's Car-Mart worth $3,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRMT. PDT Partners LLC lifted its position in shares of America's Car-Mart by 15.8% during the 4th quarter. PDT Partners LLC now owns 26,892 shares of the company's stock worth $1,378,000 after buying an additional 3,663 shares in the last quarter. Northern Trust Corp lifted its holdings in America's Car-Mart by 31.4% during the fourth quarter. Northern Trust Corp now owns 126,518 shares of the company's stock worth $6,484,000 after acquiring an additional 30,202 shares during the period. Aquatic Capital Management LLC boosted its position in America's Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock worth $143,000 after purchasing an additional 1,995 shares during the last quarter. North Reef Capital Management LP boosted 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 purchasing an additional 16,593 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in America's Car-Mart in the 4th quarter valued at $216,000. Institutional investors own 89.10% of the company's stock.

America's Car-Mart Stock Down 6.0%

America's Car-Mart stock traded down $3.08 during trading on Wednesday, hitting $47.90. The stock had a trading volume of 5,838 shares, compared to its average volume of 98,147. The stock's 50 day moving average is $47.80 and its two-hundred day moving average is $47.60. America's Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The stock has a market cap of $395.75 million, a price-to-earnings ratio of -58.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

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

Insiders Place Their Bets

In other news, Director Jonathan Z. Buba bought 75,000 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares of the company's stock, valued at $27,142,246.80. This trade represents a 13.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 19.60% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report 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.