Millennium Management LLC Has $1.54 Million Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Millennium Management LLC reduced its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 35.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 30,105 shares of the company’s stock after selling 16,853 shares during the quarter. Millennium Management LLC owned approximately 0.36% of America’s Car-Mart worth $1,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in America’s Car-Mart in the 4th quarter valued at approximately $28,000. Quantbot Technologies LP acquired a new position in America’s Car-Mart in the 4th quarter valued at approximately $117,000. Aquatic Capital Management LLC increased its position in America’s Car-Mart by 249.4% in the 4th 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 during the period. Corebridge Financial Inc. increased its position in America’s Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in America’s Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after acquiring an additional 965 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd.

Insider Transactions at America’s Car-Mart

In related news, Director Jonathan Z. Buba bought 75,000 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. The trade was a 13.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 19.60% of the stock is currently owned by corporate insiders.

America’s Car-Mart Stock Up 6.2%

CRMT opened at $52.79 on Wednesday. America’s Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The company has a fifty day moving average of $47.94 and a 200-day moving average of $48.05. The stock has a market cap of $436.15 million, a PE ratio of -64.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

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

America’s Car-Mart 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.