644,686 Shares in America’s Car-Mart, Inc. $CRMT Purchased by Nantahala Capital Management LLC

Nantahala Capital Management LLC bought a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 644,686 shares of the company’s stock, valued at approximately $1,798,674. Nantahala Capital Management LLC owned about 7.74% of America’s Car-Mart as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of America’s Car-Mart by 2.5% during the third quarter. Vanguard Group Inc. now owns 454,282 shares of the company’s stock worth $13,270,000 after purchasing an additional 11,002 shares in the last quarter. North Reef Capital Management LP raised its stake in America’s Car-Mart by 6.8% in the first quarter. North Reef Capital Management LP now owns 258,637 shares of the company’s stock valued at $3,292,000 after purchasing an additional 16,450 shares in the last quarter. BlackRock Inc. bought a new stake in America’s Car-Mart during the second quarter valued at approximately $708,000. Goldman Sachs Group Inc. lifted its position in America’s Car-Mart by 11.0% during the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after purchasing an additional 19,389 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in America’s Car-Mart by 42.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 192,025 shares of the company’s stock worth $4,851,000 after buying an additional 56,998 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings lowered shares of America’s Car-Mart from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Finally, BTIG Research reissued a “neutral” rating on shares of America’s Car-Mart in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, America’s Car-Mart presently has a consensus rating of “Hold” and a consensus target price of $29.50.

America’s Car-Mart Price Performance

NASDAQ:CRMT opened at $2.38 on Friday. The company has a market capitalization of $20.61 million, a price-to-earnings ratio of -0.15 and a beta of 1.28. The business has a 50 day moving average of $3.16 and a 200 day moving average of $9.71. America’s Car-Mart, Inc. has a 1-year low of $1.38 and a 1-year high of $46.40.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of ($0.66) by $1.14. The business had revenue of $242.64 million for the quarter, compared to analysts’ expectations of $334.88 million. America’s Car-Mart had a negative net margin of 10.50% and a negative return on equity of 4.09%.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.