America’s Car-Mart, Inc. $CRMT Shares Bought by North Reef Capital Management LP

North Reef Capital Management LP raised its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,190 shares of the company’s stock after buying an additional 44,145 shares during the period. America’s Car-Mart makes up approximately 0.4% of North Reef Capital Management LP’s portfolio, making the stock its 27th largest position. North Reef Capital Management LP owned 3.26% of America’s Car-Mart worth $7,892,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Millennium Management LLC purchased a new position in shares of America’s Car-Mart in the 3rd quarter valued at about $1,605,000. Citadel Advisors LLC grew its position in shares of America’s Car-Mart by 29.8% during the third quarter. Citadel Advisors LLC now owns 103,309 shares of the company’s stock worth $3,018,000 after acquiring an additional 23,721 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of America’s Car-Mart by 55.3% in the 3rd quarter. Bank of America Corp DE now owns 41,236 shares of the company’s stock valued at $1,205,000 after acquiring an additional 14,682 shares during the period. Aquatic Capital Management LLC raised its position in America’s Car-Mart by 48.2% in the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock valued at $108,000 after purchasing an additional 1,203 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in America’s Car-Mart in the 3rd quarter valued at $5,192,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

CRMT has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of America’s Car-Mart in a research report on Monday, December 29th. Wall Street Zen downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

America’s Car-Mart Stock Performance

America’s Car-Mart stock opened at $12.72 on Tuesday. The company has a market cap of $105.58 million, a P/E ratio of -1.12 and a beta of 1.16. America’s Car-Mart, Inc. has a one year low of $12.59 and a one year high of $62.72. The business has a fifty day moving average of $23.25 and a two-hundred day moving average of $25.62.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, March 12th. The company reported ($1.53) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.27). The firm had revenue of $222.62 million during the quarter, compared to analyst estimates of $329.26 million. America’s Car-Mart had a negative net margin of 6.99% and a negative return on equity of 2.63%. Sell-side analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

America’s Car-Mart Profile

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.