Victory Capital Management Inc. lessened its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 11.7% in the first quarter, HoldingsChannel.com reports. The firm owned 3,507 shares of the company’s stock after selling 463 shares during the quarter. Victory Capital Management Inc.’s holdings in America’s Car-Mart were worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRMT. Vanguard Group Inc. increased its holdings in shares of America’s Car-Mart by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 335,897 shares of the company’s stock worth $26,267,000 after purchasing an additional 12,609 shares in the last quarter. Portolan Capital Management LLC bought a new stake in shares of America’s Car-Mart in the 4th quarter worth $16,290,000. WCM Investment Management LLC increased its holdings in shares of America’s Car-Mart by 11.2% in the 4th quarter. WCM Investment Management LLC now owns 183,092 shares of the company’s stock worth $13,265,000 after purchasing an additional 18,388 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of America’s Car-Mart by 1.4% in the 1st quarter. Bank of Montreal Can now owns 92,659 shares of the company’s stock worth $8,463,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of America’s Car-Mart by 12.9% in the 4th quarter. Acadian Asset Management LLC now owns 86,197 shares of the company’s stock worth $6,248,000 after purchasing an additional 9,862 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

In other news, Director Gremp Jim Von sold 3,000 shares of America’s Car-Mart stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $92.58, for a total value of $277,740.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William H. Henderson sold 1,500 shares of America’s Car-Mart stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $99.44, for a total value of $149,160.00. The disclosure for this sale can be found here. Insiders have sold 7,500 shares of company stock worth $692,040 over the last quarter. 10.00% of the stock is owned by company insiders.

NASDAQ CRMT traded up $2.21 on Tuesday, hitting $89.82. 5,044 shares of the company traded hands, compared to its average volume of 157,439. The company has a market capitalization of $587.86 million, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. America’s Car-Mart, Inc. has a 52-week low of $60.55 and a 52-week high of $104.05.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Tuesday, May 21st. The company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.24. The company had revenue of $176.88 million for the quarter, compared to the consensus estimate of $187.85 million. America’s Car-Mart had a return on equity of 19.45% and a net margin of 7.12%. Sell-side analysts anticipate that America’s Car-Mart, Inc. will post 7.27 earnings per share for the current fiscal year.

CRMT has been the subject of several research analyst reports. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $99.00 price objective on shares of America’s Car-Mart in a report on Monday, April 15th. BidaskClub raised America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Buckingham Research initiated coverage on America’s Car-Mart in a report on Thursday, March 28th. They issued a “buy” rating and a $103.00 price objective for the company. Bank of America reaffirmed a “buy” rating and issued a $110.00 price objective (up previously from $102.00) on shares of America’s Car-Mart in a report on Tuesday, February 26th. Finally, Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. America’s Car-Mart currently has a consensus rating of “Buy” and an average target price of $97.50.

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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 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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