D. E. Shaw & Co. Inc. Lowers Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

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D. E. Shaw & Co. Inc. lowered its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 49.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,173 shares of the company’s stock after selling 3,076 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in America’s Car-Mart were worth $273,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. raised its position in shares of America’s Car-Mart by 12.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 8,300 shares of the company’s stock valued at $714,000 after buying an additional 900 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $267,000. Hennessy Advisors Inc. purchased a new position in America’s Car-Mart in the 2nd quarter worth $2,780,000. Virginia Retirement Systems ET AL raised its position in America’s Car-Mart by 59.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 21,400 shares of the company’s stock worth $1,842,000 after purchasing an additional 8,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in America’s Car-Mart by 47.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock worth $45,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 76.30% of the company’s stock.

In other America’s Car-Mart news, COO Leonard L. Walthall sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.00, for a total value of $90,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $84.88, for a total transaction of $127,320.00. Following the completion of the transaction, the director now owns 115,830 shares in the company, valued at approximately $9,831,650.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,000 shares of company stock worth $351,990. 10.00% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the stock. Buckingham Research lifted their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. ValuEngine cut shares of America’s Car-Mart from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. BidaskClub cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $100.80.

Shares of NASDAQ:CRMT opened at $87.12 on Friday. The stock has a market cap of $564.32 million, a PE ratio of 11.53, a PEG ratio of 1.44 and a beta of 0.88. The company’s fifty day moving average is $88.89 and its 200 day moving average is $89.93. America’s Car-Mart, Inc. has a 52 week low of $66.26 and a 52 week high of $104.05. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 0.13.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 15th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.54. The company had revenue of $171.88 million for the quarter, compared to analysts’ expectations of $175.34 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. Sell-side analysts anticipate that America’s Car-Mart, Inc. will post 7.82 EPS for the current year.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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