Macquarie Group Ltd. Sells 2,483 Shares of America’s Car-Mart, Inc. (CRMT)

Macquarie Group Ltd. reduced its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 86.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 388 shares of the company’s stock after selling 2,483 shares during the period. Macquarie Group Ltd.’s holdings in America’s Car-Mart were worth $28,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc raised its stake in shares of America’s Car-Mart by 27.8% during the fourth quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock worth $79,000 after buying an additional 238 shares during the last quarter. Ranger Investment Management L.P. raised its stake in shares of America’s Car-Mart by 48.3% during the fourth quarter. Ranger Investment Management L.P. now owns 52,500 shares of the company’s stock worth $3,804,000 after buying an additional 17,095 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of America’s Car-Mart by 400.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,086 shares of the company’s stock worth $151,000 after buying an additional 1,669 shares during the last quarter. Voce Capital Management LLC bought a new stake in shares of America’s Car-Mart during the fourth quarter worth approximately $157,000. Finally, Barclays PLC raised its stake in shares of America’s Car-Mart by 51.9% during the fourth quarter. Barclays PLC now owns 10,167 shares of the company’s stock worth $737,000 after buying an additional 3,475 shares during the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.

A number of research firms recently weighed in on CRMT. Janney Montgomery Scott reissued a “buy” rating and set a $99.00 price target on shares of America’s Car-Mart in a research note on Monday, April 15th. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Buckingham Research began coverage on shares of America’s Car-Mart in a research note on Thursday, March 28th. They set a “buy” rating and a $103.00 price target for the company. Bank of America reissued a “buy” rating and set a $110.00 price target (up from $102.00) on shares of America’s Car-Mart in a research note on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research note on Friday, February 22nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $96.67.

Shares of NASDAQ CRMT opened at $94.93 on Friday. The company has a market cap of $636.65 million, a P/E ratio of 15.59, a PEG ratio of 0.78 and a beta of 0.90. America’s Car-Mart, Inc. has a 52-week low of $51.30 and a 52-week high of $97.55.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.53. The firm had revenue of $161.05 million during the quarter, compared to analysts’ expectations of $163.97 million. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%. Equities analysts forecast that America’s Car-Mart, Inc. will post 6.43 EPS for the current year.

In related news, Director Gremp Jim Von sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total transaction of $277,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $91.34, for a total transaction of $137,010.00. Following the transaction, the director now owns 117,015 shares of the company’s stock, valued at approximately $10,688,150.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,500 shares of company stock valued at $1,235,950. Corporate insiders own 10.00% of the company’s stock.

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America’s Car-Mart Company Profile

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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