Two Sigma Investments LP Has $1.24 Million Stock Holdings in America's Car-Mart, Inc. (NASDAQ:CRMT)

Two Sigma Investments LP trimmed its stake in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 32.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,191 shares of the company's stock after selling 11,808 shares during the quarter. Two Sigma Investments LP owned approximately 0.29% of America's Car-Mart worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRMT. R Squared Ltd acquired a new position in shares of America's Car-Mart in the 4th quarter worth approximately $28,000. Quantbot Technologies LP bought a new position in America's Car-Mart during the fourth quarter worth $117,000. Aquatic Capital Management LLC lifted 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 buying an additional 1,995 shares during the period. Corebridge Financial Inc. boosted its position in America's Car-Mart by 17.8% during 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in America's Car-Mart by 31.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock valued at $208,000 after acquiring an additional 965 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at America's Car-Mart

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the purchase, the director now owns 619,686 shares in the company, valued at $27,142,246.80. This represents a 13.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.60% of the company's stock.

America's Car-Mart Stock Up 5.0%

CRMT traded up $2.58 during trading on Friday, hitting $54.53. The company's stock had a trading volume of 97,826 shares, compared to its average volume of 99,349. The firm has a market capitalization of $450.53 million, a P/E ratio of -66.50, a PEG ratio of 1.41 and a beta of 1.38. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The stock's fifty day moving average price is $48.20 and its 200-day moving average price is $48.14.

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, beating analysts' consensus estimates 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 the consensus estimate of $282.83 million. Equities research analysts expect that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

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.