Renaissance Technologies LLC Sells 19,900 Shares of America's Car-Mart, Inc. (NASDAQ:CRMT)

Renaissance Technologies LLC decreased its stake in America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) by 45.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,772 shares of the company's stock after selling 19,900 shares during the period. Renaissance Technologies LLC owned 0.29% of America's Car-Mart worth $1,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new position in America's Car-Mart in the fourth quarter valued at approximately $573,000. Wells Fargo & Company MN boosted its holdings in shares of America's Car-Mart by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock valued at $218,000 after buying an additional 1,655 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of America's Car-Mart by 26.5% in the fourth quarter. Geode Capital Management LLC now owns 177,847 shares of the company's stock valued at $9,116,000 after buying an additional 37,222 shares in the last quarter. Franklin Resources Inc. increased its holdings in America's Car-Mart by 46.7% during the fourth quarter. Franklin Resources Inc. now owns 7,709 shares of the company's stock worth $395,000 after buying an additional 2,455 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in America's Car-Mart by 11.6% during the fourth quarter. JPMorgan Chase & Co. now owns 82,156 shares of the company's stock worth $4,210,000 after acquiring an additional 8,555 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company's stock.

Insider Buying and Selling

In other news, Director Jonathan Z. Buba bought 75,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $43.80 per share, with a total value 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 $27,142,246.80. This represents a 13.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 19.60% of the stock is currently owned by insiders.

America's Car-Mart Stock Down 1.3 %

CRMT opened at $48.63 on Wednesday. America's Car-Mart, Inc. has a 12-month low of $36.40 and a 12-month high of $72.26. The business has a 50 day moving average of $45.70 and a 200-day moving average of $46.67. The stock 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.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.38. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The business had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. As a group, analysts expect that America's Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

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

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.

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