550,686 America’s Car-Mart, Inc. $CRMT Shares Sold by Magnolia Group LLC

Magnolia Group LLC lessened its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569,189 shares of the company’s stock after selling 550,686 shares during the period. America’s Car-Mart accounts for approximately 0.2% of Magnolia Group LLC’s investment portfolio, making the stock its 23rd biggest position. Magnolia Group LLC owned about 6.83% of America’s Car-Mart worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nantahala Capital Management LLC purchased a new position in America’s Car-Mart during the second quarter worth approximately $1,798,674. BlackRock Inc. acquired a new position in America’s Car-Mart during the second quarter worth $708,000. Hsbc Holdings PLC grew its holdings in America’s Car-Mart by 734.9% in the 2nd quarter. Hsbc Holdings PLC now owns 105,794 shares of the company’s stock valued at $295,000 after buying an additional 93,122 shares in the last quarter. Quantinno Capital Management LP grew its holdings in America’s Car-Mart by 41.4% in the 1st quarter. Quantinno Capital Management LP now owns 45,899 shares of the company’s stock valued at $584,000 after buying an additional 13,434 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of America’s Car-Mart by 41.5% in the 2nd quarter. Engineers Gate Manager LP now owns 15,268 shares of the company’s stock worth $43,000 after acquiring an additional 4,475 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

CRMT has been the topic of several analyst reports. Wall Street Zen upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Weiss Ratings cut shares of America’s Car-Mart from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $14.00.

America’s Car-Mart Trading Up 9.9%

CRMT opened at $0.96 on Thursday. America’s Car-Mart, Inc. has a one year low of $0.57 and a one year high of $28.70. The business’s 50 day moving average price is $1.32 and its 200 day moving average price is $8.33.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Wednesday, September 9th. The company reported ($6.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($5.98). America’s Car-Mart had a negative return on equity of 15.19% and a negative net margin of 18.21%. The business had revenue of $89.90 million for the quarter, compared to analyst estimates of $253.03 million.

America’s Car-Mart Profile

America’s Car-Mart, Inc. is a specialty automotive retailer that sells used vehicles and provides financing to consumers, including customers who may have limited or damaged credit histories. The company operates under a “buy here, pay here” business model, generally originating and servicing installment loans for vehicles purchased through its dealerships. Its dealerships offer a selection of used cars, trucks and sport utility vehicles, with inventory typically acquired through auctions, trade-ins and other wholesale channels.