New York State Common Retirement Fund Trims Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

New York State Common Retirement Fund decreased its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 8.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,037 shares of the company’s stock after selling 914 shares during the quarter. New York State Common Retirement Fund’s holdings in America’s Car-Mart were worth $1,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRMT. Advisor Group Holdings Inc. lifted its stake in shares of America’s Car-Mart by 27.1% during the second quarter. Advisor Group Holdings Inc. now owns 516 shares of the company’s stock valued at $73,000 after buying an additional 110 shares during the period. Cornerstone Investment Partners LLC purchased a new position in shares of America’s Car-Mart during the third quarter valued at approximately $215,000. Metropolitan Life Insurance Co NY lifted its stake in shares of America’s Car-Mart by 82,900.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 1,660 shares of the company’s stock valued at $235,000 after buying an additional 1,658 shares during the period. PDT Partners LLC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $236,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $241,000. 73.27% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CRMT opened at $99.50 on Friday. The company has a market cap of $647.65 million, a P/E ratio of 6.24, a P/E/G ratio of 0.48 and a beta of 1.42. America’s Car-Mart, Inc. has a fifty-two week low of $95.12 and a fifty-two week high of $177.45. The firm’s 50 day moving average is $107.77 and its two-hundred day moving average is $124.91.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Wednesday, November 17th. The company reported $3.33 EPS for the quarter, beating the Zacks’ consensus estimate of $3.20 by $0.13. America’s Car-Mart had a net margin of 10.34% and a return on equity of 27.31%. During the same period in the prior year, the firm posted $3.05 EPS. As a group, research analysts anticipate that America’s Car-Mart, Inc. will post 12.97 earnings per share for the current year.

Separately, Zacks Investment Research raised shares of America’s Car-Mart from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 8th.

About America’s Car-Mart

America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.

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Institutional Ownership by Quarter for America's Car-Mart (NASDAQ:CRMT)

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