America’s Car-Mart, Inc. (NASDAQ:CRMT) is Magnolia Group LLC’s 6th Largest Position

Magnolia Group LLC boosted its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 768,410 shares of the company’s stock after purchasing an additional 48,460 shares during the period. America’s Car-Mart comprises 7.0% of Magnolia Group LLC’s holdings, making the stock its 6th largest position. Magnolia Group LLC owned approximately 12.01% of America’s Car-Mart worth $46,266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRMT. Quest Partners LLC purchased a new position in shares of America’s Car-Mart in the 4th quarter worth about $48,000. EntryPoint Capital LLC purchased a new position in America’s Car-Mart in the first quarter valued at about $178,000. Argent Capital Management LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at approximately $231,000. Bayesian Capital Management LP purchased a new stake in shares of America’s Car-Mart during the 1st quarter worth approximately $240,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of America’s Car-Mart during the 2nd quarter worth approximately $245,000. Institutional investors own 89.10% of the company’s stock.

Insider Activity

In other news, major shareholder Adam K. Peterson purchased 26,410 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the completion of the acquisition, the insider now owns 768,410 shares in the company, valued at approximately $44,367,993.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 14.10% of the stock is owned by company insiders.

America’s Car-Mart Trading Down 0.9 %

Shares of CRMT stock traded down $0.49 during trading on Friday, reaching $52.28. 98,864 shares of the company’s stock traded hands, compared to its average volume of 94,425. The firm’s 50-day moving average is $61.90 and its 200 day moving average is $61.57. The company has a market capitalization of $334.17 million, a P/E ratio of -10.56, a PEG ratio of 0.78 and a beta of 1.68. America’s Car-Mart, Inc. has a 1 year low of $48.55 and a 1 year high of $96.40.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.81). America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The company had revenue of $347.76 million for the quarter, compared to analysts’ expectations of $338.78 million. During the same quarter in the prior year, the company earned $0.63 EPS. The company’s revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts predict that America’s Car-Mart, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRMT has been the subject of several research reports. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. BTIG Research assumed coverage on America’s Car-Mart in a research note on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $66.00.

America’s Car-Mart Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.