Wells Fargo & Company MN decreased its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 41.9% during the first quarter, Holdings Channel reports. The institutional investor owned 6,612 shares of the company’s stock after selling 4,777 shares during the period. Wells Fargo & Company MN’s holdings in America’s Car-Mart were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Highbridge Capital Management LLC purchased a new position in shares of America’s Car-Mart during the fourth quarter valued at about $305,000. Russell Investments Group Ltd. purchased a new position in shares of America’s Car-Mart during the fourth quarter valued at about $529,000. Two Sigma Investments LP raised its position in shares of America’s Car-Mart by 211.1% in the fourth quarter. Two Sigma Investments LP now owns 17,867 shares of the company’s stock valued at $782,000 after buying an additional 12,124 shares in the last quarter. Horrell Capital Management Inc. raised its position in shares of America’s Car-Mart by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $994,000 after buying an additional 100 shares in the last quarter. Finally, State Street Corp raised its position in shares of America’s Car-Mart by 3.2% in the fourth quarter. State Street Corp now owns 131,425 shares of the company’s stock valued at $5,747,000 after buying an additional 4,063 shares in the last quarter. Hedge funds and other institutional investors own 83.85% of the company’s stock.

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at 38.40 on Friday. The firm’s 50-day moving average price is $37.96 and its 200-day moving average price is $37.68. America’s Car-Mart, Inc. has a 12-month low of $30.20 and a 12-month high of $47.75. The firm has a market capitalization of $289.84 million, a P/E ratio of 15.42 and a beta of 0.95.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Monday, May 22nd. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $158.24 million. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts predict that America’s Car-Mart, Inc. will post $3.06 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Wells Fargo & Company MN Decreases Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/07/21/wells-fargo-company-mn-decreases-position-in-americas-car-mart-inc-nasdaqcrmt.html.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and set a $36.00 price target on shares of America’s Car-Mart in a research note on Friday, May 12th.

In related news, CEO William H. Henderson sold 20,000 shares of America’s Car-Mart stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $35.00, for a total value of $700,000.00. Following the transaction, the chief executive officer now directly owns 96,984 shares of the company’s stock, valued at $3,394,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 1,608 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $38.09, for a total transaction of $61,248.72. Following the completion of the transaction, the chief executive officer now directly owns 89,298 shares in the company, valued at $3,401,360.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 35,700 shares of company stock worth $1,287,977 and have sold 41,858 shares worth $1,518,339. 11.70% of the stock is currently owned by company insiders.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Want to see what other hedge funds are holding CRMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for America’s Car-Mart, Inc. (NASDAQ:CRMT).

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

Receive News & Ratings for America's Car-Mart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart Inc. and related companies with MarketBeat.com's FREE daily email newsletter.