Envestnet Asset Management Inc. Has $685,000 Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

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Envestnet Asset Management Inc. decreased its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 21.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,795 shares of the company’s stock after selling 2,180 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of America’s Car-Mart worth $685,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CRMT. Credit Suisse AG increased its position in shares of America’s Car-Mart by 12.6% during the 4th quarter. Credit Suisse AG now owns 5,976 shares of the company’s stock worth $655,000 after purchasing an additional 669 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $442,000. Geode Capital Management LLC increased its holdings in shares of America’s Car-Mart by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 86,501 shares of the company’s stock worth $9,485,000 after acquiring an additional 1,454 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of America’s Car-Mart during the 1st quarter worth approximately $322,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of America’s Car-Mart during the 1st quarter worth approximately $141,000. 77.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on CRMT shares. TheStreet raised America’s Car-Mart from a “c+” rating to a “b-” rating in a report on Friday, May 29th. BidaskClub raised America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, July 24th. Finally, Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $111.00 target price on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. America’s Car-Mart has a consensus rating of “Buy” and a consensus target price of $108.50.

CRMT opened at $95.16 on Friday. The business has a fifty day simple moving average of $89.53 and a 200 day simple moving average of $85.36. The company has a market capitalization of $648.99 million, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.55 and a beta of 1.46. America’s Car-Mart, Inc. has a 1 year low of $35.18 and a 1 year high of $129.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 1.77.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.15. The business had revenue of $195.69 million during the quarter, compared to the consensus estimate of $169.16 million. America’s Car-Mart had a return on equity of 17.92% and a net margin of 6.90%. Equities analysts anticipate that America’s Car-Mart, Inc. will post 7.44 earnings per share for the current fiscal 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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