Massachusetts Institute of Technology Purchases New Position in America’s Car-Mart, Inc. $CRMT

Massachusetts Institute of Technology bought a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 167,404 shares of the company’s stock, valued at approximately $4,890,000. America’s Car-Mart makes up 0.5% of Massachusetts Institute of Technology’s portfolio, making the stock its 5th biggest holding. Massachusetts Institute of Technology owned approximately 2.02% of America’s Car-Mart at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of America’s Car-Mart during the first quarter worth $209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $196,000 after buying an additional 255 shares during the last quarter. Jones Financial Companies Lllp lifted its position in America’s Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after buying an additional 990 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in America’s Car-Mart by 11.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock worth $8,890,000 after buying an additional 19,389 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in America’s Car-Mart by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 187,943 shares of the company’s stock worth $10,535,000 after acquiring an additional 2,685 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Performance

Shares of NASDAQ:CRMT opened at $18.80 on Tuesday. The company has a 50 day moving average price of $24.19 and a two-hundred day moving average price of $26.70. The company has a market capitalization of $155.85 million, a PE ratio of -10.62 and a beta of 1.16. America’s Car-Mart, Inc. has a 52 week low of $17.19 and a 52 week high of $62.72.

Analysts Set New Price Targets

CRMT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Weiss Ratings reissued 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. According to MarketBeat.com, America’s Car-Mart presently has an average rating of “Hold” and an average price target of $45.00.

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.