SG Americas Securities LLC lowered its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 36.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,479 shares of the company’s stock after selling 18,274 shares during the period. SG Americas Securities LLC owned about 0.48% of America’s Car-Mart worth $2,353,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Lavaca Capital LLC acquired a new position in shares of America’s Car-Mart during the 4th quarter worth $25,000. Jefferies Group LLC acquired a new position in America’s Car-Mart in the 3rd quarter worth about $202,000. Jane Street Group LLC acquired a new position in America’s Car-Mart in the 2nd quarter worth about $235,000. Virtu Financial LLC acquired a new position in America’s Car-Mart in the 3rd quarter worth about $311,000. Finally, MetLife Investment Advisors LLC increased its holdings in America’s Car-Mart by 25.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 4,495 shares of the company’s stock worth $352,000 after purchasing an additional 915 shares in the last quarter. 69.05% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the company. BidaskClub raised America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Tuesday, February 5th. ValuEngine raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $87.00 target price on shares of America’s Car-Mart in a report on Tuesday, November 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.80.
Shares of CRMT stock opened at $72.26 on Monday. The stock has a market capitalization of $489.62 million, a PE ratio of 20.07, a P/E/G ratio of 0.67 and a beta of 0.77. America’s Car-Mart, Inc. has a 1-year low of $43.60 and a 1-year high of $89.85.
America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, November 15th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.10 by $0.48. America’s Car-Mart had a return on equity of 15.52% and a net margin of 7.06%. The company had revenue of $167.17 million for the quarter, compared to analyst estimates of $166.46 million. Sell-side analysts expect that America’s Car-Mart, Inc. will post 5.78 EPS for the current year.
In other news, Director Daniel J. Englander purchased 10,000 shares of the business’s stock in a transaction on Friday, December 7th. The shares were acquired at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the acquisition, the director now owns 15,263 shares in the company, valued at $1,037,120.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.00% of the stock is currently owned by corporate 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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