WCM Investment Management CA boosted its position in America's Car-Mart, Inc. (NASDAQ:CRMT) by 85.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 388,282 shares of the company’s stock after acquiring an additional 178,935 shares during the period. WCM Investment Management CA owned 0.05% of America's Car-Mart worth $17,337,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. SG Capital Management LLC purchased a new stake in shares of America's Car-Mart in the fourth quarter worth approximately $5,043,000. Magnolia Group LLC raised its stake in shares of America's Car-Mart by 7.3% in the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock worth $36,495,000 after purchasing an additional 60,526 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of America's Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after purchasing an additional 20,317 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of America's Car-Mart by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 570,077 shares of the company’s stock worth $22,176,000 after purchasing an additional 19,794 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of America's Car-Mart in the third quarter worth approximately $515,000. Institutional investors and hedge funds own 85.39% of the company’s stock.
Shares of America's Car-Mart, Inc. (NASDAQ:CRMT) opened at $44.35 on Thursday. The company has a market capitalization of $315.32, a P/E ratio of 16.43 and a beta of 0.99. America's Car-Mart, Inc. has a 52-week low of $30.20 and a 52-week high of $49.40.
America's Car-Mart announced that its board has initiated a share buyback program on Thursday, November 16th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Robert Cameron Smith sold 1,875 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $48.61, for a total transaction of $91,143.75. Following the completion of the sale, the director now directly owns 3,550 shares of the company’s stock, valued at $172,565.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.70% of the company’s stock.
Several analysts have recently commented on the company. Jefferies Group increased their price objective on America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. ValuEngine raised America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research raised America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, January 17th. BidaskClub downgraded America's Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Stephens set a $50.00 price target on America's Car-Mart and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.00.
America's Car-Mart Profile
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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