WCM Investment Management LLC Sells 42,821 Shares of America’s Car-Mart, Inc. $CRMT

WCM Investment Management LLC cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259,274 shares of the company’s stock after selling 42,821 shares during the quarter. WCM Investment Management LLC owned approximately 3.13% of America’s Car-Mart worth $7,620,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in shares of America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the period. Tower Research Capital LLC TRC increased its position in America’s Car-Mart by 264.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after buying an additional 1,747 shares in the last quarter. AlphaQuest LLC raised its stake in America’s Car-Mart by 35.5% during the 2nd quarter. AlphaQuest LLC now owns 2,705 shares of the company’s stock worth $152,000 after buying an additional 708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in America’s Car-Mart by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after acquiring an additional 255 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in America’s Car-Mart in the first quarter valued at approximately $209,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRMT. Wall Street Zen lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings restated a “sell (e+)” rating on shares of America’s Car-Mart in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.

America’s Car-Mart Trading Down 1.6%

NASDAQ CRMT opened at $25.00 on Wednesday. The business has a fifty day simple moving average of $25.84 and a 200 day simple moving average of $30.98. America’s Car-Mart, Inc. has a 12 month low of $17.78 and a 12 month high of $62.72. The firm has a market capitalization of $207.25 million, a P/E ratio of -14.12 and a beta of 1.14.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, December 4th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($1.39). America’s Car-Mart had a positive return on equity of 0.28% and a negative net margin of 1.04%.The firm had revenue of $350.19 million during the quarter, compared to the consensus estimate of $344.84 million. As a group, sell-side analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.