7,477 Shares in America's Car-Mart, Inc. (NASDAQ:CRMT) Bought by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new position in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,477 shares of the company's stock, valued at approximately $383,000. Graham Capital Management L.P. owned 0.09% of America's Car-Mart at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of America's Car-Mart in the 4th quarter valued at about $28,000. Quantbot Technologies LP bought a new position in shares of America's Car-Mart in the 4th quarter worth $117,000. Aquatic Capital Management LLC raised 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 buying an additional 1,995 shares in the last quarter. Corebridge Financial Inc. lifted its holdings 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 worth $183,000 after acquiring an additional 539 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in America's Car-Mart in the fourth quarter worth $216,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America's Car-Mart Stock Performance

CRMT traded down $0.63 during midday trading on Thursday, hitting $47.46. The stock had a trading volume of 7,176 shares, compared to its average volume of 98,292. The company has a market cap of $392.14 million, a P/E ratio of -56.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. America's Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The business has a fifty day moving average of $47.84 and a 200 day moving average of $47.60.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.38. The company had revenue of $325.73 million for the quarter, compared to analysts' expectations 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%. On average, equities research analysts anticipate that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Jonathan Z. Buba bought 75,000 shares of the company's stock in a transaction that occurred 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 acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.60% of the company's stock.

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.