Geode Capital Management LLC Purchases 37,222 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

Geode Capital Management LLC increased its position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,847 shares of the company's stock after buying an additional 37,222 shares during the quarter. Geode Capital Management LLC owned about 2.16% of America's Car-Mart worth $9,116,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRMT. R Squared Ltd purchased a new position in shares of America's Car-Mart in the fourth quarter worth approximately $28,000. Quantbot Technologies LP acquired a new stake in America's Car-Mart during the 4th quarter valued at $117,000. Corebridge Financial Inc. raised its stake in 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 purchasing an additional 539 shares during the period. Cornerstone Investment Partners LLC acquired a new stake in America's Car-Mart during the 4th quarter valued at $220,000. Finally, Inceptionr LLC acquired a new stake in America's Car-Mart during the 4th quarter valued at $304,000. Institutional investors and hedge funds own 89.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of America's Car-Mart from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th.

Insider Buying and Selling

In other America's Car-Mart news, Director Jonathan Z. Buba acquired 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now owns 619,686 shares of the company's stock, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 19.60% of the stock is currently owned by corporate insiders.

America's Car-Mart Trading Down 1.3 %

NASDAQ:CRMT traded down $0.62 during trading hours on Tuesday, hitting $48.63. 41,368 shares of the stock traded hands, compared to its average volume of 98,730. America's Car-Mart, Inc. has a fifty-two week low of $36.40 and a fifty-two week high of $72.26. The firm has a market cap of $401.78 million, a price-to-earnings ratio of -59.30, a PEG ratio of 1.41 and a beta of 1.40. The firm has a 50 day moving average price of $45.70 and a 200 day moving average price of $46.67.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, topping 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 business had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. Research analysts predict that America's Car-Mart, Inc. will post 0.86 EPS for the current 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.