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

Sherbrooke Park Advisers LLC trimmed its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in America's Car-Mart during the fourth quarter worth about $28,000. Quantbot Technologies LP acquired a new stake in America's Car-Mart in the fourth quarter valued at approximately $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 period. Corebridge Financial Inc. grew its holdings 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 purchasing an additional 539 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in America's Car-Mart by 31.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock valued at $208,000 after purchasing an additional 965 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jonathan Z. Buba bought 75,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired 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 $27,142,246.80. The trade was a 13.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.60% of the company's stock.

Analyst Upgrades and Downgrades

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

America's Car-Mart Trading Down 2.2%

CRMT traded down $1.05 during trading 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 business's fifty day simple moving average is $47.86 and its 200 day simple moving average is $47.77. The firm has a market capitalization 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.

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 for the quarter, beating the consensus estimate of ($0.01) by $0.38. The business had revenue of $325.73 million for 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%. As a group, equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

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.