Forest Hill Capital LLC Purchases 1,976 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Forest Hill Capital LLC grew its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 7.9% during the 4th quarter, HoldingsChannel reports. The fund owned 26,976 shares of the company’s stock after acquiring an additional 1,976 shares during the quarter. America’s Car-Mart makes up 1.1% of Forest Hill Capital LLC’s investment portfolio, making the stock its 26th biggest position. Forest Hill Capital LLC’s holdings in America’s Car-Mart were worth $1,383,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Kize Capital LP bought a new position in shares of America’s Car-Mart during the fourth quarter valued at about $11,043,000. WCM Investment Management LLC boosted its holdings in America’s Car-Mart by 39.2% during the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after acquiring an additional 91,256 shares during the period. JPMorgan Chase & Co. grew its position in America’s Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after acquiring an additional 57,304 shares during the last quarter. Divisadero Street Capital Management LP increased its stake in America’s Car-Mart by 1,050.7% in the 4th quarter. Divisadero Street Capital Management LP now owns 58,687 shares of the company’s stock worth $3,008,000 after purchasing an additional 53,587 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of America’s Car-Mart by 26.5% during the fourth quarter. Geode Capital Management LLC now owns 177,847 shares of the company’s stock valued at $9,116,000 after purchasing an additional 37,222 shares during the period. 89.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jonathan Z. Buba acquired 75,000 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the transaction, the director now owns 619,686 shares of the company’s stock, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 19.60% of the stock is currently owned by company insiders.

America’s Car-Mart Trading Down 0.5 %

Shares of NASDAQ CRMT opened at $49.38 on Friday. The firm has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $46.94. America’s Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26. The firm has a market capitalization of $407.98 million, a PE ratio of -60.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38.

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

Wall Street Analyst Weigh In

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

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.