Ibex Investors LLC trimmed its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 55.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,698 shares of the company’s stock after selling 3,409 shares during the quarter. Ibex Investors LLC’s holdings in America’s Car-Mart were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRMT. Russell Investments Group Ltd. acquired a new position in shares of America’s Car-Mart in the 2nd quarter worth approximately $207,000. Jane Street Group LLC acquired a new position in shares of America’s Car-Mart in the 2nd quarter worth approximately $235,000. Tower Research Capital LLC TRC acquired a new position in shares of America’s Car-Mart in the 2nd quarter worth approximately $272,000. Spark Investment Management LLC acquired a new position in shares of America’s Car-Mart in the 2nd quarter worth approximately $297,000. Finally, Virtu Financial LLC acquired a new position in shares of America’s Car-Mart in the 3rd quarter worth approximately $311,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart stock opened at $72.00 on Friday. America’s Car-Mart, Inc. has a 12-month low of $42.20 and a 12-month high of $89.85. The firm has a market cap of $497.04 million, a P/E ratio of 20.00, a P/E/G ratio of 0.65 and a beta of 1.05.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, November 15th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.48. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.68%. The company had revenue of $167.17 million for the quarter, compared to the consensus estimate of $166.46 million. Research analysts expect that America’s Car-Mart, Inc. will post 5.69 earnings per share for the current fiscal year.

In related news, Director Ray C. Dillon bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were bought at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at $201,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is owned by insiders.

A number of research analysts have recently issued reports on CRMT shares. TheStreet upgraded shares of America’s Car-Mart from a “c+” rating to a “b” rating in a research report on Wednesday, August 15th. Janney Montgomery Scott upgraded shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $96.00 in a research report on Monday, August 20th. Bank of America boosted their price target on shares of America’s Car-Mart from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. BidaskClub upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Finally, Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $90.80.

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America’s Car-Mart 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 June 28, 2018, it operated 140 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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