SG Capital Management LLC Invests $6.60 Million in America's Car-Mart, Inc. (NASDAQ:CRMT)

SG Capital Management LLC purchased a new position in shares of America's Car-Mart, Inc. (NASDAQ:CRMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 128,861 shares of the company's stock, valued at approximately $6,604,000. SG Capital Management LLC owned 1.56% of America's Car-Mart as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new stake in America's Car-Mart in the 4th quarter valued at about $28,000. Quantbot Technologies LP acquired a new stake in America's Car-Mart in the 4th quarter valued at about $117,000. Aquatic Capital Management LLC grew its stake in America's Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after acquiring an additional 1,995 shares during the last quarter. Corebridge Financial Inc. grew its stake in America's Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock valued at $183,000 after acquiring an additional 539 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in America's Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock valued at $208,000 after acquiring an additional 965 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd.

Insider Transactions at America's Car-Mart

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were acquired 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 in the company, valued at approximately $27,142,246.80. The trade was a 13.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 19.60% of the company's stock.

America's Car-Mart Trading Down 1.4%

Shares of America's Car-Mart stock traded down $0.72 during mid-day trading on Monday, hitting $51.02. 28,978 shares of the stock were exchanged, compared to its average volume of 98,380. America's Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The stock has a market capitalization of $421.53 million, a price-to-earnings ratio of -62.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. The company has a 50-day simple moving average of $47.57 and a 200 day simple moving average of $47.48.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Equities research analysts forecast that America's Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

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.