North Reef Capital Management LP Acquires 16,593 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

North Reef Capital Management LP raised its holdings in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,000 shares of the company's stock after purchasing an additional 16,593 shares during the quarter. America's Car-Mart makes up about 0.5% of North Reef Capital Management LP's investment portfolio, making the stock its 28th largest position. North Reef Capital Management LP owned approximately 2.75% of America's Car-Mart worth $11,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRMT. Kize Capital LP bought a new position in America's Car-Mart in the fourth quarter valued at about $11,043,000. WCM Investment Management LLC raised its stake in shares of America's Car-Mart by 39.2% during the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company's stock worth $16,577,000 after purchasing an additional 91,256 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of America's Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company's stock worth $3,085,000 after purchasing an additional 57,304 shares in the last quarter. Geode Capital Management LLC raised its stake in America's Car-Mart by 26.5% in the 4th quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock valued at $9,116,000 after acquiring an additional 37,222 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of America's Car-Mart by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 426,452 shares of the company's stock worth $21,856,000 after buying an additional 30,306 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Insider Activity at America's Car-Mart

In related news, Director Jonathan Z. Buba purchased 75,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the acquisition, the director now owns 619,686 shares of the company's stock, valued at $27,142,246.80. This trade represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 19.60% of the stock is currently owned by insiders.

America's Car-Mart Trading Down 3.3 %

CRMT stock traded down $1.60 during mid-day trading on Wednesday, hitting $47.03. The stock had a trading volume of 21,464 shares, compared to its average volume of 98,424. America's Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26. The firm has a market capitalization of $388.56 million, a P/E ratio of -57.35, a P/E/G ratio of 1.41 and a beta of 1.40. The firm has a fifty day simple moving average of $45.70 and a 200 day simple moving average of $46.67.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. As a group, equities analysts expect that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

America's Car-Mart Company 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.