TIAA CREF Investment Management LLC lessened its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,523 shares of the company’s stock after selling 2,181 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of America’s Car-Mart worth $798,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Prudential Financial Inc. acquired a new position in shares of America’s Car-Mart in the first quarter valued at approximately $304,000. American International Group Inc. boosted its holdings 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 valued at $177,000 after buying an additional 326 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $11,956,000 after buying an additional 18,331 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $2,245,000 after buying an additional 3,130 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after buying an additional 35,398 shares during the period. 89.14% of the stock is owned by hedge funds and other institutional investors.

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In other America’s Car-Mart news, CEO William H. Henderson sold 6,250 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $37.60, for a total value of $235,000.00. Following the completion of the sale, the chief executive officer now owns 93,440 shares in the company, valued at $3,513,344. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp purchased 8,196 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $36.55 per share, with a total value of $299,563.80. The disclosure for this purchase can be found here. Insiders have sold 39,870 shares of company stock valued at $1,568,668 in the last 90 days. 11.70% of the stock is currently owned by corporate insiders.

America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at $43.05 on Tuesday. America’s Car-Mart, Inc. has a 1-year low of $30.20 and a 1-year high of $47.75. The company has a market cap of $312.32, a price-to-earnings ratio of 16.37 and a beta of 0.94.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.90. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The business had revenue of $146.40 million during the quarter, compared to analysts’ expectations of $153.05 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. equities research analysts forecast that America’s Car-Mart, Inc. will post 3.09 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $41.00 price target on shares of America’s Car-Mart in a report on Friday, August 18th. Zacks Investment Research cut shares of America’s Car-Mart from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Stephens initiated coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price for the company. Finally, ValuEngine cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.

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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