Albert D Mason Inc. Cuts Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Albert D Mason Inc. trimmed its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 17.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,539 shares of the company’s stock after selling 1,743 shares during the quarter. Albert D Mason Inc.’s holdings in America’s Car-Mart were worth $438,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C boosted its holdings in shares of America’s Car-Mart by 459.9% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company’s stock valued at $1,341,000 after purchasing an additional 18,290 shares during the last quarter. American Century Companies Inc. raised its position in shares of America’s Car-Mart by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after buying an additional 905 shares during the period. Geode Capital Management LLC boosted its holdings in America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after acquiring an additional 2,807 shares during the last quarter. PDT Partners LLC purchased a new stake in America’s Car-Mart during the third quarter valued at about $974,000. Finally, Portolan Capital Management LLC acquired a new stake in America’s Car-Mart during the third quarter worth about $3,197,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Trading Up 1.6 %

Shares of CRMT stock opened at $46.23 on Friday. The company’s fifty day simple moving average is $48.66 and its 200-day simple moving average is $51.39. America’s Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $74.10. The company has a market cap of $381.40 million, a PE ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64.

America’s Car-Mart Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.