Prescott Group Capital Management L.L.C. Raises Stock Holdings in America’s Car-Mart, Inc. $CRMT

Prescott Group Capital Management L.L.C. boosted its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 26.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,035 shares of the company’s stock after purchasing an additional 67,999 shares during the quarter. America’s Car-Mart comprises approximately 1.0% of Prescott Group Capital Management L.L.C.’s portfolio, making the stock its 18th biggest holding. Prescott Group Capital Management L.L.C. owned approximately 3.89% of America’s Car-Mart worth $9,407,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SG Capital Management LLC increased its holdings in shares of America’s Car-Mart by 71.5% in the 2nd quarter. SG Capital Management LLC now owns 212,339 shares of the company’s stock worth $11,899,000 after buying an additional 88,554 shares during the last quarter. Goldman Sachs Group Inc. grew its position in America’s Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock worth $8,890,000 after acquiring an additional 19,389 shares in the last quarter. Geode Capital Management LLC increased its stake in America’s Car-Mart by 1.4% in the second quarter. Geode Capital Management LLC now owns 187,943 shares of the company’s stock valued at $10,535,000 after acquiring an additional 2,685 shares during the last quarter. Divisadero Street Capital Management LP increased its stake in America’s Car-Mart by 126.8% in the second quarter. Divisadero Street Capital Management LP now owns 134,471 shares of the company’s stock valued at $7,536,000 after acquiring an additional 75,190 shares during the last quarter. Finally, Yacktman Asset Management LP raised its position in America’s Car-Mart by 1,109.1% during the third quarter. Yacktman Asset Management LP now owns 133,000 shares of the company’s stock valued at $3,885,000 after purchasing an additional 122,000 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Price Performance

Shares of CRMT stock opened at $21.30 on Friday. The business has a 50-day moving average of $26.01 and a 200 day moving average of $29.83. The stock has a market capitalization of $176.58 million, a PE ratio of -12.03 and a beta of 1.14. America’s Car-Mart, Inc. has a 1-year low of $17.78 and a 1-year high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, December 4th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($1.39). The firm had revenue of $350.19 million during the quarter, compared to analysts’ expectations of $344.84 million. America’s Car-Mart had a positive return on equity of 0.28% and a negative net margin of 1.04%. Analysts anticipate that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of America’s Car-Mart in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.00.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.