Zurcher Kantonalbank Zurich Cantonalbank raised its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 47.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 523 shares of the company’s stock after acquiring an additional 169 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in America’s Car-Mart were worth $45,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in shares of America’s Car-Mart by 1,181.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 423 shares of the company’s stock worth $39,000 after purchasing an additional 390 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of America’s Car-Mart during the 2nd quarter worth $43,000. Legal & General Group Plc boosted its position in shares of America’s Car-Mart by 27.8% during the 4th quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock worth $79,000 after purchasing an additional 238 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of America’s Car-Mart by 40,333.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,213 shares of the company’s stock worth $111,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of America’s Car-Mart during the 1st quarter worth $164,000. 73.60% of the stock is currently owned by institutional investors.

In related news, Director William H. Henderson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $86.08, for a total value of $344,320.00. Following the sale, the director now directly owns 122,830 shares in the company, valued at approximately $10,573,206.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $85.42, for a total transaction of $128,130.00. Following the completion of the sale, the director now owns 114,015 shares in the company, valued at $9,739,161.30. The disclosure for this sale can be found here. Insiders sold a total of 12,500 shares of company stock worth $1,078,285 over the last quarter. Insiders own 10.00% of the company’s stock.

Shares of America’s Car-Mart stock traded down $1.27 on Friday, hitting $86.28. The company’s stock had a trading volume of 10,975 shares, compared to its average volume of 121,992. America’s Car-Mart, Inc. has a 52-week low of $66.26 and a 52-week high of $104.05. The firm has a fifty day moving average price of $87.81 and a 200-day moving average price of $87.98. The company has a market capitalization of $592.58 million, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 0.59 and a beta of 0.92.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 15th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.67 by $0.54. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.72%. The business had revenue of $171.88 million for the quarter, compared to analyst estimates of $175.34 million. During the same period in the previous year, the firm earned $1.40 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts expect that America’s Car-Mart, Inc. will post 7.68 earnings per share for the current year.

Several equities research analysts have commented on CRMT shares. ValuEngine upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Buckingham Research boosted their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Tuesday. Finally, BidaskClub upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $100.80.

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 February 26, 2019, it operated 144 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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