Citadel Advisors LLC Cuts Holdings in America's Car-Mart, Inc. (NASDAQ:CRMT)

Citadel Advisors LLC lowered its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,414 shares of the company's stock after selling 13,836 shares during the period. Citadel Advisors LLC owned 0.76% of America's Car-Mart worth $3,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd bought a new position in America's Car-Mart in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP bought a new position in America's Car-Mart in the fourth quarter valued at approximately $117,000. Aquatic Capital Management LLC boosted its stake 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 acquiring an additional 1,995 shares during the last quarter. Corebridge Financial Inc. boosted its stake in 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 acquiring an additional 539 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in America's Car-Mart in the fourth quarter valued at approximately $216,000. Institutional investors and hedge funds own 89.10% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen 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 Price Performance

CRMT stock traded down $1.05 during midday trading on Monday, hitting $46.63. The company's stock had a trading volume of 52,326 shares, compared to its average volume of 98,884. The stock has a market capitalization of $385.26 million, a P/E ratio of -56.87, a PEG ratio of 1.41 and a beta of 1.38. The company's fifty day moving average price is $47.84 and its 200 day moving average price is $47.80. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, topping 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 company had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. Equities analysts expect that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at America's Car-Mart

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the business's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the acquisition, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. The trade was a 13.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 19.60% of the company's stock.

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.