Sherbrooke Park Advisers LLC Has $235,000 Stake in America's Car-Mart, Inc. (NASDAQ:CRMT)

Sherbrooke Park Advisers LLC lessened its holdings in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 75.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,592 shares of the company's stock after selling 14,137 shares during the period. Sherbrooke Park Advisers LLC owned about 0.06% of America's Car-Mart worth $235,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of America's Car-Mart in the fourth quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new position in America's Car-Mart in the 4th quarter valued at $117,000. Aquatic Capital Management LLC lifted its position in shares of America's Car-Mart by 249.4% during the 4th 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 period. Corebridge Financial Inc. lifted its position in shares of America's Car-Mart by 17.8% during the 4th 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of America's Car-Mart by 31.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock worth $208,000 after purchasing an additional 965 shares in the last quarter. 89.10% of the stock is owned by institutional investors.

Insider Transactions at America's Car-Mart

In other America's Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the firm's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 19.60% of the stock is owned by insiders.

America's Car-Mart Trading Down 1.4%

Shares of America's Car-Mart stock opened at $51.02 on Tuesday. The company has a market cap of $421.53 million, a PE ratio of -62.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. The company has a 50 day moving average of $47.69 and a 200-day moving average of $47.57. America's Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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 net margin of 0.29% and a negative return on equity of 2.26%. Research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised America's Car-Mart from a "hold" rating to a "buy" rating in a research note 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.

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