ClariVest Asset Management LLC purchased a new stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,365 shares of the company’s stock, valued at approximately $1,358,000. ClariVest Asset Management LLC owned about 0.25% of America’s Car-Mart at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in shares of America’s Car-Mart during the 2nd quarter valued at $272,000. Citadel Advisors LLC purchased a new position in shares of America’s Car-Mart during the 2nd quarter valued at $990,000. Schwab Charles Investment Management Inc. raised its stake in shares of America’s Car-Mart by 12.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,003 shares of the company’s stock valued at $2,477,000 after purchasing an additional 4,466 shares during the period. Summit Global Investments bought a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $631,000. Finally, Credit Agricole S A bought a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $372,000. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

CRMT has been the topic of a number of analyst reports. Zacks Investment Research lowered America’s Car-Mart from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 6th. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Jefferies Financial Group reiterated a “hold” rating and set a $87.00 price objective on shares of America’s Car-Mart in a research note on Tuesday. TheStreet upgraded America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. Finally, BidaskClub upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $90.80.

NASDAQ:CRMT opened at $74.11 on Wednesday. America’s Car-Mart, Inc. has a 52-week low of $42.20 and a 52-week high of $89.85. The firm has a market cap of $574.48 million, a P/E ratio of 16.24, a P/E/G ratio of 0.80 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, November 15th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.48. America’s Car-Mart had a return on equity of 15.68% and a net margin of 7.06%. The company had revenue of $167.17 million for the quarter, compared to analyst estimates of $166.46 million. On average, research analysts anticipate that America’s Car-Mart, Inc. will post 5.34 earnings per share for the current year.

In other America’s Car-Mart news, Director Ray C. Dillon bought 750 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were acquired at an average cost of $83.41 per share, for a total transaction of $62,557.50. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $125,115. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ray C. Dillon bought 1,000 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was acquired at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the purchase, the director now directly owns 2,500 shares in the company, valued at $201,125. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.

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About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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

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