America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp purchased 14,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average cost of $37.61 per share, with a total value of $526,540.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Tuesday, July 25th, Magnolia Capital Fund, Lp purchased 19,000 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $37.71 per share, with a total value of $716,490.00.
  • On Tuesday, July 11th, Magnolia Capital Fund, Lp purchased 6,770 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $36.84 per share, with a total value of $249,406.80.
  • On Tuesday, June 20th, Magnolia Capital Fund, Lp purchased 4,323 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $36.75 per share, with a total value of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp purchased 24,607 shares of America’s Car-Mart stock. The shares were purchased at an average cost of $35.75 per share, with a total value of $879,700.25.

America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at 38.55 on Wednesday. The firm has a market capitalization of $290.98 million, a PE ratio of 15.48 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 $37.34. America’s Car-Mart, Inc. has a one year low of $30.20 and a one year high of $47.75.

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

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Several institutional investors have recently bought and sold shares of the company. Horrell Capital Management Inc. raised its position in 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 worth $994,000 after buying an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in America’s Car-Mart by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,949 shares of the company’s stock worth $1,282,000 after buying an additional 152 shares during the last quarter. American International Group Inc. raised its position in 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. WCM Investment Management CA raised its position in America’s Car-Mart by 1.0% in the second quarter. WCM Investment Management CA now owns 206,657 shares of the company’s stock worth $8,039,000 after buying an additional 2,015 shares during the last quarter. Finally, Federated Investors Inc. PA raised its position in America’s Car-Mart by 5.0% in the second quarter. Federated Investors Inc. PA now owns 49,690 shares of the company’s stock worth $1,933,000 after buying an additional 2,372 shares during the last quarter. 83.86% of the stock is owned by hedge funds and other institutional investors.

CRMT has been the subject of several research reports. Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Thursday, May 25th. Jefferies Group LLC lifted their price target on America’s Car-Mart from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Thursday, May 25th.

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).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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