America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 89.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,254 shares of the company’s stock after selling 43,555 shares during the quarter. Franklin Resources Inc. owned about 0.06% of America’s Car-Mart worth $220,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of America’s Car-Mart during the 3rd quarter valued at approximately $40,000. Point72 Asset Management L.P. increased its stake in America’s Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after purchasing an additional 1,414 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of America’s Car-Mart during the third quarter worth $113,000. Hsbc Holdings PLC bought a new position in shares of America’s Car-Mart in the 2nd quarter worth about $221,000. Finally, Quest Partners LLC boosted its holdings in shares of America’s Car-Mart by 3,215.7% in the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after buying an additional 6,367 shares during the period. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Performance

CRMT stock opened at $51.25 on Thursday. America’s Car-Mart, Inc. has a 1 year low of $37.98 and a 1 year high of $74.10. The stock has a market capitalization of $422.97 million, a price-to-earnings ratio of -62.50, a PEG ratio of 3.13 and a beta of 1.68. The stock’s fifty day moving average is $47.12 and its two-hundred day moving average is $52.43.

Wall Street Analyst Weigh In

Separately, Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.