Metropolitan Life Insurance Co. NY held its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,787 shares of the company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.07% of America’s Car-Mart worth $211,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American International Group Inc. raised its position in shares of America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock worth $177,000 after buying an additional 326 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of America’s Car-Mart by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock worth $1,196,000 after buying an additional 1,368 shares in the last quarter. Geode Capital Management LLC raised its position in shares of America’s Car-Mart by 5.4% in the first quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock worth $2,245,000 after buying an additional 3,130 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of America’s Car-Mart by 4.9% in the first quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock worth $5,555,000 after buying an additional 7,060 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of America’s Car-Mart during the first quarter worth $304,000. Hedge funds and other institutional investors own 87.14% of the company’s stock.

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) traded up 0.52% during midday trading on Wednesday, hitting $38.80. 9,882 shares of the stock were exchanged. The stock has a market cap of $292.59 million, a P/E ratio of 15.48 and a beta of 0.94. America’s Car-Mart, Inc. has a 52-week low of $30.20 and a 52-week high of $47.75. The firm’s 50 day moving average price is $38.09 and its 200-day moving average price is $36.83.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. The company had revenue of $146.40 million during the quarter, compared to analysts’ expectations of $153.05 million. America’s Car-Mart had a return on equity of 8.72% and a net margin of 3.41%. America’s Car-Mart’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.87 earnings per share. On average, equities research analysts expect that America’s Car-Mart, Inc. will post $3.07 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Jefferies Group LLC increased their price target on shares of America’s Car-Mart from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Zacks Investment Research downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Stephens assumed coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target on the stock. Finally, ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.67.

In other America’s Car-Mart news, major shareholder Magnolia Capital Fund, Lp acquired 4,323 shares of the company’s stock in a transaction on Tuesday, June 20th. The shares were bought at an average cost of $36.75 per share, with a total value of $158,870.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $37.00, for a total value of $231,250.00. Following the completion of the sale, the chief executive officer now directly owns 93,440 shares in the company, valued at $3,457,280. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 64,849 shares of company stock valued at $2,414,209 and have sold 26,500 shares valued at $999,903. 11.70% of the stock is currently owned by company insiders.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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