America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,300 shares of the company’s stock after purchasing an additional 900 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.12% of America’s Car-Mart worth $714,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its stake in America’s Car-Mart by 66.2% during the first quarter. WCM Investment Management LLC now owns 304,215 shares of the company’s stock valued at $27,787,000 after purchasing an additional 121,123 shares during the last quarter. Acadian Asset Management LLC lifted its stake in America’s Car-Mart by 8.3% during the first quarter. Acadian Asset Management LLC now owns 93,336 shares of the company’s stock valued at $8,522,000 after purchasing an additional 7,139 shares during the last quarter. Bank of Montreal Can lifted its stake in America’s Car-Mart by 1.4% during the first quarter. Bank of Montreal Can now owns 92,659 shares of the company’s stock valued at $8,463,000 after purchasing an additional 1,312 shares during the last quarter. Geode Capital Management LLC lifted its stake in America’s Car-Mart by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 69,973 shares of the company’s stock valued at $5,069,000 after purchasing an additional 692 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its stake in America’s Car-Mart by 11.0% during the first quarter. Clark Capital Management Group Inc. now owns 66,054 shares of the company’s stock valued at $6,033,000 after purchasing an additional 6,571 shares during the last quarter. 73.60% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CRMT traded down $0.74 during mid-day trading on Monday, hitting $91.26. The stock had a trading volume of 3,142 shares, compared to its average volume of 99,474. The company has a market cap of $608.02 million, a PE ratio of 14.02, a P/E/G ratio of 0.64 and a beta of 0.92. America’s Car-Mart, Inc. has a 12-month low of $66.26 and a 12-month high of $104.05. The company’s 50 day moving average is $87.41 and its 200-day moving average is $87.65.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, August 15th. The company reported $2.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.54. The business had revenue of $171.88 million during the quarter, compared to the consensus estimate of $175.34 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.72%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. As a group, equities research analysts anticipate that America’s Car-Mart, Inc. will post 7.25 EPS for the current fiscal year.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. ValuEngine raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Buckingham Research increased their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Monday. Finally, BidaskClub raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $98.17.

In related news, Director William H. Henderson sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.11, for a total value of $129,165.00. Following the completion of the sale, the director now owns 112,515 shares in the company, valued at approximately $9,688,666.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Henderson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $86.08, for a total transaction of $344,320.00. Following the completion of the sale, the director now owns 122,830 shares of the company’s stock, valued at approximately $10,573,206.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,500 shares of company stock valued at $1,078,285. 10.00% of the stock is owned by insiders.

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 February 26, 2019, it operated 144 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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