America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 86.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 613 shares of the company’s stock after selling 3,923 shares during the period. Legal & General Group Plc’s holdings in America’s Car-Mart were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRMT. Dynamic Technology Lab Private Ltd acquired a new position in America’s Car-Mart during the 4th quarter valued at about $573,000. Wells Fargo & Company MN boosted its holdings in shares of America’s Car-Mart by 63.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,254 shares of the company’s stock valued at $218,000 after acquiring an additional 1,655 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of America’s Car-Mart by 26.5% during the fourth quarter. Geode Capital Management LLC now owns 177,847 shares of the company’s stock valued at $9,116,000 after acquiring an additional 37,222 shares during the period. Franklin Resources Inc. raised its holdings in America’s Car-Mart by 46.7% during the fourth quarter. Franklin Resources Inc. now owns 7,709 shares of the company’s stock worth $395,000 after purchasing an additional 2,455 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in America’s Car-Mart by 11.6% in the fourth quarter. JPMorgan Chase & Co. now owns 82,156 shares of the company’s stock worth $4,210,000 after purchasing an additional 8,555 shares during the period. 89.10% of the stock is currently owned by institutional investors.

Insider Activity at America’s Car-Mart

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the acquisition, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. This represents a 13.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.60% of the stock is currently owned by corporate insiders.

America’s Car-Mart Price Performance

NASDAQ CRMT opened at $47.84 on Friday. America’s Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26. The company has a market capitalization of $395.25 million, a P/E ratio of -58.34, a PEG ratio of 1.41 and a beta of 1.40. The company’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $46.72.

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

Analyst Ratings Changes

Separately, StockNews.com lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

About America’s Car-Mart

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.