Dimensional Fund Advisors LP raised its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,283 shares of the company’s stock after buying an additional 35,398 shares during the period. Dimensional Fund Advisors LP owned approximately 0.07% of America’s Car-Mart worth $20,058,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Kennedy Capital Management Inc. increased its stake in America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock valued at $8,798,000 after buying an additional 118,027 shares during the period. Geode Capital Management LLC increased its stake in 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 valued at $2,245,000 after buying an additional 3,130 shares during the period. Vanguard Group Inc. increased its stake in America’s Car-Mart by 5.9% in the first quarter. Vanguard Group Inc. now owns 327,994 shares of the company’s stock valued at $11,956,000 after buying an additional 18,331 shares during the period. Jupiter Asset Management Ltd. increased its stake in 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 valued at $5,555,000 after buying an additional 7,060 shares during the period. Finally, American International Group Inc. increased its stake in 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 valued at $177,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 83.86% of the company’s stock.

Shares of America’s Car-Mart, Inc. (CRMT) traded up 0.13% during trading on Friday, reaching $37.45. 15,011 shares of the company’s stock were exchanged. America’s Car-Mart, Inc. has a 52 week low of $30.20 and a 52 week high of $47.75. The stock has a market capitalization of $282.67 million, a PE ratio of 15.04 and a beta of 0.94. The company’s 50-day moving average is $38.29 and its 200 day moving average is $37.17.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $158.24 million. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. America’s Car-Mart’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. On average, analysts forecast that America’s Car-Mart, Inc. will post $3.06 earnings per share for the current year.

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Several analysts recently commented on the stock. Jefferies Group LLC upped their price target on shares of America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research 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 research report on Thursday, June 8th.

In related news, CEO William H. Henderson sold 1,608 shares of America’s Car-Mart stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.09, for a total value of $61,248.72. Following the transaction, the chief executive officer now owns 89,298 shares of the company’s stock, valued at approximately $3,401,360.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Magnolia Capital Fund, Lp purchased 4,323 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was bought at an average cost of $36.75 per share, for a total transaction of $158,870.25. The disclosure for this purchase can be found here. In the last three months, insiders purchased 68,700 shares of company stock worth $2,531,007 and sold 28,108 shares worth $1,061,151. Company insiders own 11.70% of the company’s stock.

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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