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

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

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

America's Car-Mart Stock Performance

CRMT traded up $0.66 during midday trading on Monday, hitting $48.86. The company had a trading volume of 2,626 shares, compared to its average volume of 98,611. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The firm's 50-day simple moving average is $45.91 and its 200-day simple moving average is $46.78. The company has a market capitalization of $403.68 million, a PE ratio of -59.58, a P/E/G ratio of 1.41 and a beta of 1.38.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $282.83 million. As a group, sell-side analysts anticipate that America's Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at America's Car-Mart

In other 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 price 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 in the company, valued at $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 19.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday.

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.