Cubist Systematic Strategies LLC Buys 12,790 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

Cubist Systematic Strategies LLC grew its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 155.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,029 shares of the company's stock after purchasing an additional 12,790 shares during the period. Cubist Systematic Strategies LLC owned about 0.25% of America's Car-Mart worth $1,078,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in America's Car-Mart in the 4th quarter worth about $28,000. Quantbot Technologies LP acquired a new position in America's Car-Mart in the 4th quarter worth about $117,000. Aquatic Capital Management LLC increased its position 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 worth $143,000 after purchasing an additional 1,995 shares during the last quarter. Corebridge Financial Inc. boosted 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 worth $183,000 after acquiring an additional 539 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of America's Car-Mart during the 4th quarter worth about $216,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at America's Car-Mart

In other America's Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price 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 in the company, valued at $27,142,246.80. This trade represents a 13.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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 Stock Performance

Shares of CRMT traded down $0.72 during trading hours on Monday, hitting $51.02. 28,978 shares of the company were exchanged, compared to its average volume of 98,380. The company has a market cap of $421.53 million, a PE ratio of -62.22, a PEG ratio of 1.41 and a beta of 1.38. The firm's 50 day moving average is $47.69 and its 200-day moving average is $47.57. America's Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26.

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

America's Car-Mart Company 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.