SG Capital Management LLC Acquires 88,554 Shares of America’s Car-Mart, Inc. $CRMT

SG Capital Management LLC increased its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 71.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,339 shares of the company’s stock after buying an additional 88,554 shares during the period. America’s Car-Mart accounts for 0.8% of SG Capital Management LLC’s holdings, making the stock its 29th largest position. SG Capital Management LLC’s holdings in America’s Car-Mart were worth $11,899,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in America’s Car-Mart by 2.2% during the 1st quarter. Rhumbline Advisers now owns 10,464 shares of the company’s stock worth $475,000 after acquiring an additional 229 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of America’s Car-Mart by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after purchasing an additional 255 shares in the last quarter. Argent Capital Management LLC increased its position in shares of America’s Car-Mart by 5.5% in the second quarter. Argent Capital Management LLC now owns 10,965 shares of the company’s stock worth $614,000 after purchasing an additional 574 shares during the period. Horrell Capital Management Inc. increased its position in shares of America’s Car-Mart by 2.2% in the second quarter. Horrell Capital Management Inc. now owns 27,427 shares of the company’s stock worth $1,537,000 after purchasing an additional 597 shares during the period. Finally, AlphaQuest LLC raised its stake in America’s Car-Mart by 35.5% in the second quarter. AlphaQuest LLC now owns 2,705 shares of the company’s stock valued at $152,000 after purchasing an additional 708 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Analysts Set New Price Targets

CRMT has been the topic of a number of analyst reports. Stephens reduced their price objective on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, September 5th. Wall Street Zen raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of America’s Car-Mart in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.00.

America’s Car-Mart Stock Down 2.7%

America’s Car-Mart stock opened at $18.23 on Friday. The stock has a market cap of $150.91 million, a PE ratio of 11.76 and a beta of 1.23. America’s Car-Mart, Inc. has a 12-month low of $18.08 and a 12-month high of $62.72. The business’s 50-day moving average price is $27.19 and its two-hundred day moving average price is $42.23.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, September 4th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($1.38). America’s Car-Mart had a return on equity of 1.08% and a net margin of 0.95%.The company had revenue of $125.45 million during the quarter, compared to the consensus estimate of $350.35 million. As a group, analysts expect that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

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.