America's Car-Mart, Inc. (NASDAQ:CRMT) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,518 shares of the company's stock after purchasing an additional 30,202 shares during the period. Northern Trust Corp owned approximately 1.53% of America's Car-Mart worth $6,484,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of America's Car-Mart during the 4th quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new stake in America's Car-Mart during the fourth quarter worth $117,000. Aquatic Capital Management LLC grew its holdings 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 purchasing an additional 1,995 shares during the last quarter. Corebridge Financial Inc. increased its position in shares of 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 buying an additional 539 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of America's Car-Mart in the fourth quarter valued at $216,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the purchase, the director now directly owns 619,686 shares of the company's stock, valued at $27,142,246.80. The trade was a 13.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.60% of the stock is currently owned by company insiders.

America's Car-Mart Trading Down 2.2%

Shares of CRMT stock traded down $1.05 during trading hours on Friday, hitting $46.63. The company's stock had a trading volume of 52,326 shares, compared to its average volume of 98,884. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The stock has a market cap of $385.26 million, a price-to-earnings ratio of -56.87, a P/E/G ratio of 1.41 and a beta of 1.38. The business has a fifty day moving average of $47.86 and a 200-day moving average of $47.77.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating 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%. On average, equities analysts expect that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd.

About America's Car-Mart

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.