Ballast Asset Management LP Decreases Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Ballast Asset Management LP lessened its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,353 shares of the company’s stock after selling 1,178 shares during the quarter. Ballast Asset Management LP owned approximately 0.60% of America’s Car-Mart worth $2,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRMT. Flaharty Asset Management LLC boosted its position in shares of America’s Car-Mart by 75.0% during the 4th quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock worth $359,000 after acquiring an additional 3,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after purchasing an additional 57,304 shares during the last quarter. Geode Capital Management LLC boosted its holdings in America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after purchasing an additional 2,807 shares in the last quarter. PDT Partners LLC purchased a new position in America’s Car-Mart in the third quarter valued at approximately $974,000. Finally, Argent Capital Management LLC purchased a new position in America’s Car-Mart in the fourth quarter valued at approximately $315,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at America’s Car-Mart

In related news, Director Jonathan Z. Buba purchased 75,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. The trade was a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRMT shares. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Monday.

America’s Car-Mart Trading Down 0.5 %

Shares of NASDAQ CRMT opened at $45.39 on Tuesday. The stock has a market cap of $375.01 million, a P/E ratio of -55.35, a P/E/G ratio of 1.41 and a beta of 1.71. America’s Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The stock has a 50 day moving average of $46.90 and a two-hundred day moving average of $46.20.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS 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 during the quarter, compared to the consensus estimate of $282.83 million. As a group, research analysts predict that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

America’s Car-Mart Company 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.