Nantahala Capital Management LLC Takes $1.80 Million Position in America’s Car-Mart, Inc. $CRMT

Nantahala Capital Management LLC acquired a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 644,686 shares of the company’s stock, valued at approximately $1,798,674. Nantahala Capital Management LLC owned approximately 0.08% of America’s Car-Mart as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in America’s Car-Mart during the 1st quarter valued at about $209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in America’s Car-Mart by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after purchasing an additional 255 shares during the period. Jones Financial Companies Lllp lifted its position in America’s Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 valued at $8,890,000 after purchasing an additional 19,389 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of America’s Car-Mart by 11.7% during the second quarter. Rhumbline Advisers now owns 11,693 shares of the company’s stock valued at $655,000 after purchasing an additional 1,229 shares during the period. Institutional investors own 89.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRMT. Wall Street Zen upgraded shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings cut shares of America’s Car-Mart from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Finally, BTIG Research reissued a “neutral” rating on shares of America’s Car-Mart in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.

America’s Car-Mart Stock Performance

CRMT opened at $2.38 on Friday. The stock has a market capitalization of $20.61 million, a PE ratio of -0.15 and a beta of 1.28. The stock’s 50 day moving average price is $3.16 and its 200-day moving average price is $9.71. America’s Car-Mart, Inc. has a 52-week low of $1.38 and a 52-week high of $46.40.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Tuesday, July 14th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.66) by $1.14. America’s Car-Mart had a negative net margin of 10.50% and a negative return on equity of 4.09%. The business had revenue of $242.64 million for the quarter, compared to the consensus estimate of $334.88 million.

America’s Car-Mart Company Profile

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.