Millennium Management LLC Sells 16,853 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

Millennium Management LLC reduced its holdings in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 35.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,105 shares of the company's stock after selling 16,853 shares during the quarter. Millennium Management LLC owned approximately 0.36% of America's Car-Mart worth $1,543,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CRMT. R Squared Ltd bought a new stake in America's Car-Mart during the fourth quarter worth $28,000. WCM Investment Management LLC lifted its holdings in America's Car-Mart by 39.2% during the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company's stock worth $16,577,000 after acquiring an additional 91,256 shares during the period. Rhumbline Advisers lifted its holdings in America's Car-Mart by 5.8% during the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company's stock worth $525,000 after acquiring an additional 564 shares during the period. Flaharty Asset Management LLC increased its position in America's Car-Mart by 75.0% in the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company's stock worth $359,000 after buying an additional 3,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in America's Car-Mart by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock worth $3,889,000 after buying an additional 5,734 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday.

Insider Activity

In other America's Car-Mart news, Director Jonathan Z. Buba acquired 75,000 shares of the company's stock in a transaction that occurred on 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 completion of the purchase, the director now owns 619,686 shares of the company's stock, valued at approximately $27,142,246.80. This represents a 13.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.60% of the stock is owned by company insiders.

America's Car-Mart Stock Performance

NASDAQ:CRMT traded up $2.58 during trading hours on Friday, reaching $54.53. The stock had a trading volume of 97,826 shares, compared to its average volume of 99,547. The stock has a 50 day simple moving average of $48.38 and a 200 day simple moving average of $48.23. America's Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26. The stock has a market cap of $450.53 million, a P/E ratio of -66.50, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.38. The business 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%. On average, equities analysts expect 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.