Northern Trust Corp Acquires 30,202 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Northern Trust Corp grew its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 31.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,518 shares of the company’s stock after buying an additional 30,202 shares during the quarter. Northern Trust Corp owned 1.53% of America’s Car-Mart worth $6,484,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in America’s Car-Mart in the fourth quarter valued at about $28,000. Quantbot Technologies LP purchased a new position in shares of America’s Car-Mart in the fourth quarter valued at approximately $117,000. Aquatic Capital Management LLC lifted its position in shares of America’s Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after acquiring an additional 1,995 shares in the last quarter. Corebridge Financial Inc. boosted its stake in America’s Car-Mart by 17.8% during the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock worth $183,000 after buying an additional 539 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in America’s Car-Mart during the fourth quarter worth $216,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd.

America’s Car-Mart Price Performance

CRMT opened at $51.02 on Tuesday. The business has a fifty day moving average price of $47.69 and a 200 day moving average price of $47.57. The stock has a market capitalization of $421.53 million, a price-to-earnings ratio of -62.22, a PEG ratio of 1.41 and a beta of 1.38. America’s Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26.

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

Insider Transactions at America’s Car-Mart

In related news, Director Jonathan Z. Buba bought 75,000 shares of the 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 $27,142,246.80. This represents a 13.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 19.60% of the company’s stock.

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.