America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp acquired 12,560 shares of America’s Car-Mart stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $36.89 per share, with a total value of $463,338.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Friday, August 18th, Magnolia Capital Fund, Lp acquired 8,196 shares of America’s Car-Mart stock. The shares were bought at an average price of $36.55 per share, with a total value of $299,563.80.
  • On Friday, August 4th, Magnolia Capital Fund, Lp acquired 14,000 shares of America’s Car-Mart stock. The shares were bought at an average price of $37.61 per share, with a total value of $526,540.00.
  • On Tuesday, July 25th, Magnolia Capital Fund, Lp acquired 19,000 shares of America’s Car-Mart stock. The shares were bought at an average price of $37.71 per share, with a total value of $716,490.00.
  • On Tuesday, July 11th, Magnolia Capital Fund, Lp acquired 6,770 shares of America’s Car-Mart stock. The shares were bought at an average price of $36.84 per share, with a total value of $249,406.80.
  • On Tuesday, June 20th, Magnolia Capital Fund, Lp acquired 4,323 shares of America’s Car-Mart stock. The shares were bought at an average price of $36.75 per share, with a total value of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp acquired 24,607 shares of America’s Car-Mart stock. The shares were bought at an average price of $35.75 per share, with a total value of $879,700.25.

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at 38.60 on Wednesday. The stock has a market cap of $291.08 million, a P/E ratio of 15.40 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 company has a 50-day moving average of $38.09 and a 200 day moving average of $36.83.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The business had revenue of $146.40 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.87 EPS. Equities research analysts forecast that America’s Car-Mart, Inc. will post $3.07 EPS for the current fiscal year.

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Several analysts recently commented on the stock. Stephens assumed coverage on shares of America’s Car-Mart in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target for the company. Zacks Investment Research downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. 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. Finally, ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.67.

A number of hedge funds have recently made changes to their positions in CRMT. Tower Research Capital LLC TRC raised its stake in shares of America’s Car-Mart by 3,157.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after buying an additional 3,410 shares in the last quarter. American International Group Inc. raised its stake 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 valued at $177,000 after buying an additional 326 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of America’s Car-Mart during the second quarter valued at approximately $206,000. The Manufacturers Life Insurance Company raised its stake in shares of America’s Car-Mart by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after buying an additional 112 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of America’s Car-Mart during the first quarter valued at approximately $304,000. 87.14% of the stock is currently owned by institutional investors and hedge funds.

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).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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