America’s Car-Mart, Inc. (CRMT) Holdings Cut by Magnolia Group LLC

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Magnolia Group LLC lowered its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 43.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,178 shares of the company’s stock after selling 334,546 shares during the period. America’s Car-Mart makes up 6.3% of Magnolia Group LLC’s portfolio, making the stock its 5th biggest position. Magnolia Group LLC owned approximately 0.06% of America’s Car-Mart worth $34,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $207,000. Jane Street Group LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $235,000. Tower Research Capital LLC TRC bought a new stake in America’s Car-Mart in the 2nd quarter valued at approximately $272,000. Spark Investment Management LLC bought a new stake in America’s Car-Mart in the 2nd quarter valued at approximately $297,000. Finally, Cubist Systematic Strategies LLC bought a new stake in America’s Car-Mart in the 2nd quarter valued at approximately $316,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.

NASDAQ:CRMT opened at $77.37 on Wednesday. The company has a market cap of $530.98 million, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.74 and a beta of 1.01. America’s Car-Mart, Inc. has a twelve month low of $40.15 and a twelve month high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $161.39 million. America’s Car-Mart had a return on equity of 13.52% and a net margin of 6.41%. Sell-side analysts forecast that America’s Car-Mart, Inc. will post 5.34 earnings per share for the current fiscal year.

CRMT has been the topic of several research reports. Bank of America boosted their target price on America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. ValuEngine cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. TheStreet upgraded America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. BidaskClub upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Finally, Stephens set a $84.00 target price on America’s Car-Mart and gave the company a “hold” rating in a research note on Monday, August 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. America’s Car-Mart presently has a consensus rating of “Hold” and a consensus price target of $86.20.

In other America’s Car-Mart news, Director Ray C. Dillon bought 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average cost of $83.41 per share, with a total value of $62,557.50. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at $125,115. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray C. Dillon bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were acquired at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $201,125. The disclosure for this purchase can be found here. 10.00% of the stock is owned by insiders.

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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 June 28, 2018, it operated 140 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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