Hillsdale Investment Management Inc. bought a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,990 shares of the company’s stock, valued at approximately $1,407,000. Hillsdale Investment Management Inc. owned 0.26% of America’s Car-Mart as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in America’s Car-Mart in the 2nd quarter valued at $207,000. Jane Street Group LLC purchased a new stake in America’s Car-Mart in the 2nd quarter valued at $235,000. Tower Research Capital LLC TRC purchased a new stake in America’s Car-Mart in the 2nd quarter valued at $272,000. Spark Investment Management LLC purchased a new stake in America’s Car-Mart in the 2nd quarter valued at $297,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in America’s Car-Mart in the 2nd quarter valued at $316,000. 69.42% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CRMT opened at $74.11 on Wednesday. The firm has a market capitalization of $574.48 million, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. America’s Car-Mart, Inc. has a 1 year low of $42.20 and a 1 year high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last announced 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. The firm had revenue of $167.17 million during the quarter, compared to the consensus estimate of $166.46 million. America’s Car-Mart had a return on equity of 15.68% and a net margin of 7.06%. On average, equities research analysts expect that America’s Car-Mart, Inc. will post 5.34 earnings per share for the current fiscal year.

A number of research firms recently commented on CRMT. ValuEngine raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Bank of America upped their price objective on America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Stephens set a $84.00 price objective on America’s Car-Mart and gave the company a “hold” rating in a research note on Monday, August 20th. Janney Montgomery Scott upgraded America’s Car-Mart from a “neutral” rating to a “buy” rating and upped their price objective for the company from $61.00 to $96.00 in a research note on Monday, August 20th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a research note on Friday, August 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $90.80.

In other news, Director Ray C. Dillon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was bought at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at $201,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray C. Dillon purchased 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were purchased at an average price of $83.41 per share, with a total value of $62,557.50. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $125,115. The disclosure for this purchase can be found here. 10.00% of the stock is owned by corporate insiders.

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America’s Car-Mart Company Profile

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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