Citadel Advisors LLC Has $3.20 Million Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Citadel Advisors LLC lowered its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 18.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,414 shares of the company’s stock after selling 13,836 shares during the period. Citadel Advisors LLC owned approximately 0.76% of America’s Car-Mart worth $3,199,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of America’s Car-Mart by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 426,452 shares of the company’s stock worth $21,856,000 after purchasing an additional 30,306 shares in the last quarter. WCM Investment Management LLC lifted its position in America’s Car-Mart by 39.2% in the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock worth $16,577,000 after purchasing an additional 91,256 shares during the period. North Reef Capital Management LP boosted its stake in America’s Car-Mart by 7.9% during the fourth quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock worth $11,634,000 after buying an additional 16,593 shares in the last quarter. Kize Capital LP acquired a new stake in America’s Car-Mart during the fourth quarter worth $11,043,000. Finally, Geode Capital Management LLC increased its holdings in America’s Car-Mart by 26.5% in the 4th quarter. Geode Capital Management LLC now owns 177,847 shares of the company’s stock valued at $9,116,000 after buying an additional 37,222 shares during the period. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Trading Down 0.1%

CRMT stock opened at $50.97 on Wednesday. America’s Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26. The business’s 50 day moving average is $47.80 and its 200-day moving average is $47.60. The firm has a market cap of $421.11 million, a P/E ratio of -62.16, a P/E/G ratio of 1.41 and a beta of 1.38.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $282.83 million. Sell-side analysts forecast that America’s Car-Mart, Inc. will post 0.86 EPS for the current year.

Insider Activity

In other America’s Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of America’s Car-Mart 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 acquisition, the director now directly owns 619,686 shares of the company’s stock, valued at $27,142,246.80. The trade was a 13.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 19.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.