America's Car-Mart, Inc. $CRMT Shares Sold by Magnolia Group LLC

Key Points

• Magnolia Group LLC reduced its stake in America's Car-Mart by 9.7%, now holding 1,428,094 shares, which constitutes about 12.3% of its portfolio, making it the second-largest holding.
• America's Car-Mart reported a significant earnings miss for the last quarter, with a loss of ($0.69) per share compared to analysts' expectations of $0.69, and revenue of $125.45 million against an estimate of $350.35 million.
• Equities analysts have mixed views on CRMT, with one analyst rating it "buy," another "sell," and the consensus currently rated as "hold" with a target price drop from $67.00 to $45.00.

Magnolia Group LLC decreased its holdings in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,428,094 shares of the company's stock after selling 154,269 shares during the quarter. America's Car-Mart accounts for about 12.3% of Magnolia Group LLC's portfolio, making the stock its 2nd largest holding. Magnolia Group LLC owned approximately 17.29% of America's Car-Mart worth $80,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers raised its stake in America's Car-Mart by 2.2% in the 1st quarter. Rhumbline Advisers now owns 10,464 shares of the company's stock worth $475,000 after purchasing an additional 229 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in America's Car-Mart by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock worth $196,000 after purchasing an additional 255 shares in the last quarter. Argent Capital Management LLC raised its stake in America's Car-Mart by 5.5% in the 2nd quarter. Argent Capital Management LLC now owns 10,965 shares of the company's stock worth $614,000 after purchasing an additional 574 shares in the last quarter. Jones Financial Companies Lllp raised its stake in America's Car-Mart by 492.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock worth $54,000 after purchasing an additional 990 shares in the last quarter. Finally, Flaharty Asset Management LLC increased its holdings in America's Car-Mart by 21.4% in the 1st quarter. Flaharty Asset Management LLC now owns 8,500 shares of the company's stock valued at $386,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 89.10% of the company's stock.

America's Car-Mart Price Performance

CRMT opened at $24.87 on Friday. America's Car-Mart, Inc. has a fifty-two week low of $24.85 and a fifty-two week high of $62.72. The firm has a market capitalization of $205.92 million, a price-to-earnings ratio of 16.05 and a beta of 1.23. The company's 50 day moving average price is $36.04 and its two-hundred day moving average price is $45.59.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($1.38). America's Car-Mart had a return on equity of 1.08% and a net margin of 0.95%.The business had revenue of $125.45 million for the quarter, compared to the consensus estimate of $350.35 million. As a group, equities research analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on CRMT shares. Stephens decreased their target price on shares of America's Car-Mart from $67.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, September 5th. Weiss Ratings reissued a "sell (d)" rating on shares of America's Car-Mart in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of America's Car-Mart from a "sell" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.00.

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.

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