America’s Car-Mart, Inc. (CRMT) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. cut its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 61.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,871 shares of the company’s stock after selling 4,607 shares during the period. Macquarie Group Ltd.’s holdings in America’s Car-Mart were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Jefferies Group LLC acquired a new stake in shares of America’s Car-Mart in the third quarter worth approximately $202,000. Russell Investments Group Ltd. acquired a new stake in shares of America’s Car-Mart in the second quarter worth approximately $207,000. Jane Street Group LLC acquired a new stake in shares of America’s Car-Mart in the second quarter worth approximately $235,000. Tower Research Capital LLC TRC acquired a new stake in shares of America’s Car-Mart in the second quarter worth approximately $272,000. Finally, Virtu Financial LLC acquired a new stake in shares of America’s Car-Mart in the third quarter worth approximately $311,000. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Daniel J. Englander acquired 10,000 shares of America’s Car-Mart stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the transaction, the director now owns 15,263 shares in the company, valued at approximately $1,037,120.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

A number of analysts have recently issued reports on the company. BidaskClub lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Saturday. ValuEngine raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Zacks Investment Research raised 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 note on Tuesday, November 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $87.00 price target on shares of America’s Car-Mart in a research note on Tuesday, November 20th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. America’s Car-Mart has an average rating of “Hold” and a consensus target price of $90.80.

Shares of America’s Car-Mart stock opened at $70.04 on Monday. America’s Car-Mart, Inc. has a one year low of $42.20 and a one year high of $89.85. The company has a market cap of $482.85 million, a P/E ratio of 19.46, a P/E/G ratio of 0.66 and a beta of 0.95.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, November 15th. The company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.48. America’s Car-Mart had a return on equity of 15.52% and a net margin of 7.06%. The firm had revenue of $167.17 million for the quarter, compared to the consensus estimate of $166.46 million. As a group, analysts forecast that America’s Car-Mart, Inc. will post 5.78 EPS for the current year.

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America’s Car-Mart Company 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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