UBS Group AG reduced its position in America's Car-Mart, Inc. (NASDAQ:CRMT) by 38.3% during the first quarter, Holdings Channel reports. The fund owned 7,012 shares of the company’s stock after selling 4,356 shares during the period. UBS Group AG’s holdings in America's Car-Mart were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of America's Car-Mart by 5.4% in the first quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock worth $2,245,000 after buying an additional 3,130 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of America's Car-Mart by 5.9% in the first quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock worth $11,956,000 after buying an additional 18,331 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of America's Car-Mart by 4.9% in the first quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock worth $5,555,000 after buying an additional 7,060 shares during the last quarter. American International Group Inc. boosted its stake in shares of America's Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock worth $177,000 after buying an additional 326 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of America's Car-Mart during the first quarter worth $304,000. Institutional investors and hedge funds own 83.86% of the company’s stock.

Shares of America's Car-Mart, Inc. (NASDAQ CRMT) traded up 2.28% during mid-day trading on Friday, hitting $38.15. 21,259 shares of the stock were exchanged. America's Car-Mart, Inc. has a 12-month low of $30.20 and a 12-month high of $47.75. The company has a market capitalization of $287.96 million, a PE ratio of 15.32 and a beta of 0.94. The firm has a 50-day moving average price of $38.18 and a 200 day moving average price of $37.32.

America's Car-Mart (NASDAQ:CRMT) last released its earnings results on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, beating the 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 8.89%. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $158.24 million. During the same period last year, the business earned $0.40 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that America's Car-Mart, Inc. will post $3.06 earnings per share for the current year.

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A number of brokerages have recently weighed in on CRMT. Jefferies Group LLC boosted their price objective on shares of America's Car-Mart from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Zacks Investment Research cut shares of America's Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

In related news, CEO William H. Henderson sold 1,608 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.09, for a total value of $61,248.72. Following the completion of the transaction, the chief executive officer now directly owns 89,298 shares of the company’s stock, valued at $3,401,360.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.85, for a total transaction of $242,812.50. Following the completion of the transaction, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at $3,630,144. The disclosure for this sale can be found here. Over the last three months, insiders purchased 54,700 shares of company stock valued at $2,004,467 and sold 28,108 shares valued at $1,061,151. 11.70% of the stock is currently owned by company insiders.

America's Car-Mart Company Profile

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).

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

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