America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 82,156 shares of the company’s stock after purchasing an additional 8,555 shares during the period. JPMorgan Chase & Co. owned 1.00% of America’s Car-Mart worth $4,210,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC boosted its holdings in shares of America’s Car-Mart by 75.0% in the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock valued at $359,000 after acquiring an additional 3,000 shares during the period. Geode Capital Management LLC grew its position in America’s Car-Mart by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after purchasing an additional 2,807 shares during the last quarter. Argent Capital Management LLC acquired a new position in America’s Car-Mart in the fourth quarter valued at $315,000. Charles Schwab Investment Management Inc. raised its holdings in shares of America’s Car-Mart by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company’s stock valued at $3,889,000 after buying an additional 5,734 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of America’s Car-Mart by 5.8% during the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company’s stock worth $525,000 after buying an additional 564 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insiders Place Their Bets

In related news, Director Jonathan Z. Buba purchased 75,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. This trade represents a 13.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.60% of the stock is currently owned by insiders.

America’s Car-Mart Stock Performance

Shares of CRMT opened at $48.05 on Friday. The stock has a market capitalization of $396.99 million, a P/E ratio of -58.60, a P/E/G ratio of 1.41 and a beta of 1.40. America’s Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The company’s fifty day moving average is $45.87 and its two-hundred day moving average is $46.33.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.38. The business had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. Sell-side analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

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.