Jupiter Asset Management Ltd. Has $14.04 Million Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Jupiter Asset Management Ltd. lowered its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,436 shares of the company’s stock after selling 16,876 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in America’s Car-Mart were worth $14,039,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vantage Consulting Group Inc acquired a new stake in shares of America’s Car-Mart during the 4th quarter worth about $32,000. Veriti Management LLC acquired a new stake in America’s Car-Mart in the 4th quarter valued at about $55,000. Lazard Asset Management LLC acquired a new stake in America’s Car-Mart in the 4th quarter valued at about $98,000. Robinson Value Management Ltd. acquired a new stake in America’s Car-Mart in the 4th quarter valued at about $137,000. Finally, Arizona State Retirement System acquired a new stake in America’s Car-Mart in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

In other news, COO Leonard L. Walthall sold 4,000 shares of America’s Car-Mart stock in a transaction that occurred on Wednesday, May 26th. The shares were sold at an average price of $171.37, for a total transaction of $685,480.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.20% of the stock is owned by insiders.

Several equities research analysts have weighed in on CRMT shares. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a research report on Thursday, May 27th. Stephens raised their price objective on shares of America’s Car-Mart from $154.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, May 26th.

Shares of NASDAQ:CRMT opened at $147.26 on Friday. America’s Car-Mart, Inc. has a one year low of $80.47 and a one year high of $177.45. The business’s 50 day simple moving average is $151.87. The firm has a market cap of $973.83 million, a PE ratio of 9.87, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Sunday, May 23rd. The company reported $6.19 EPS for the quarter, topping the consensus estimate of $2.80 by $3.39. America’s Car-Mart had a net margin of 11.34% and a return on equity of 28.94%. As a group, equities research analysts predict that America’s Car-Mart, Inc. will post 13.34 EPS for the current fiscal year.

About America’s Car-Mart

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 December 17, 2020, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is based in Rogers, Arkansas.

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

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