WCM Investment Management LLC cut its holdings in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 305,596 shares of the company's stock after selling 18,495 shares during the quarter. WCM Investment Management LLC owned about 3.70% of America's Car-Mart worth $13,935,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in America's Car-Mart in the fourth quarter valued at $117,000. Aquatic Capital Management LLC lifted 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 valued at $143,000 after buying an additional 1,995 shares during the last quarter. Corebridge Financial Inc. boosted its stake in America's Car-Mart by 17.8% during the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock worth $183,000 after buying an additional 539 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of America's Car-Mart by 31.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock valued at $208,000 after acquiring an additional 965 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of America's Car-Mart in the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 89.10% of the company's stock.
America's Car-Mart Stock Up 0.6%
NASDAQ CRMT traded up $0.35 during trading on Friday, hitting $61.71. The stock had a trading volume of 43,254 shares, compared to its average volume of 104,048. The company has a market capitalization of $509.73 million, a PE ratio of 29.53, a PEG ratio of 0.44 and a beta of 1.35. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The firm has a 50 day moving average price of $51.22 and a 200 day moving average price of $48.79.
America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.39. The firm had revenue of $370.17 million during the quarter, compared to analysts' expectations of $369.77 million. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, sell-side analysts anticipate that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.
Insider Activity at America's Car-Mart
In other America's Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the sale, the insider owned 1,428,094 shares in the company, valued at $81,272,829.54. This represents a 5.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 154,269 shares of company stock valued at $8,689,460 in the last three months. Insiders own 19.60% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, June 6th.
Check Out Our Latest Stock Report on America's Car-Mart
America's Car-Mart Profile
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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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