Cubist Systematic Strategies LLC lifted its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 155.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,029 shares of the company's stock after purchasing an additional 12,790 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.25% of America's Car-Mart worth $1,078,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $117,000. Aquatic Capital Management LLC lifted its stake in shares of 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 valued at $143,000 after purchasing an additional 1,995 shares during the period. Corebridge Financial Inc. lifted its stake 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 period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of America's Car-Mart in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 89.10% of the company's stock.
America's Car-Mart Stock Performance
NASDAQ:CRMT traded up $0.14 during mid-day trading on Friday, hitting $51.74. 47,507 shares of the company's stock traded hands, compared to its average volume of 98,447. The firm's 50 day simple moving average is $47.57 and its 200 day simple moving average is $47.37. America's Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The company has a market cap of $427.48 million, a PE ratio of -63.10, 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 posted its earnings results 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. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. On average, research analysts expect that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.
Insider Buying and Selling at America's Car-Mart
In other America's Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 19.60% of the stock is currently owned by insiders.
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, May 2nd.
Check Out Our Latest Stock Analysis on America's Car-Mart
America's Car-Mart Company Profile
(
Free Report)
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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