Inceptionr LLC Takes $304,000 Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Inceptionr LLC purchased a new position in America’s Car-Mart, Inc. (NASDAQ:CRMT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,941 shares of the company’s stock, valued at approximately $304,000. Inceptionr LLC owned approximately 0.07% of America’s Car-Mart as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of America’s Car-Mart in the 4th quarter worth approximately $28,000. Point72 DIFC Ltd bought a new position in America’s Car-Mart during the third quarter worth $40,000. Point72 Asset Management L.P. boosted its holdings in America’s Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after purchasing an additional 1,414 shares during the period. Cornerstone Investment Partners LLC bought a new stake in America’s Car-Mart during the fourth quarter valued at $220,000. Finally, Quest Partners LLC raised its holdings in shares of America’s Car-Mart by 3,215.7% during the third quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock worth $275,000 after purchasing an additional 6,367 shares during the period. 89.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRMT has been the subject of several research reports. StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Stock Performance

CRMT stock opened at $44.54 on Monday. America’s Car-Mart, Inc. has a 1 year low of $36.40 and a 1 year high of $72.26. The stock has a market capitalization of $367.59 million, a price-to-earnings ratio of -54.32, a PEG ratio of 1.41 and a beta of 1.71. The stock’s fifty day moving average is $47.17 and its two-hundred day moving average is $47.28.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data 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. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. As a group, analysts predict 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.