UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 48.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,454 shares of the company’s stock after selling 8,819 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in America’s Car-Mart were worth $396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Deerfield Management Company L.P. Series C increased its position in shares of America’s Car-Mart by 459.9% in the second quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company’s stock valued at $1,341,000 after acquiring an additional 18,290 shares during the period. American Century Companies Inc. grew its stake in shares of America’s Car-Mart by 12.1% in the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after purchasing an additional 905 shares during the last quarter. Magnolia Group LLC increased its holdings in America’s Car-Mart by 6.7% during the 2nd quarter. Magnolia Group LLC now owns 768,410 shares of the company’s stock valued at $46,266,000 after purchasing an additional 48,460 shares during the period. HITE Hedge Asset Management LLC purchased a new position in America’s Car-Mart during the 2nd quarter valued at about $1,449,000. Finally, Bank of New York Mellon Corp raised its position in America’s Car-Mart by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,963 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Trading Down 0.8 %

Shares of NASDAQ CRMT opened at $53.14 on Friday. The firm has a fifty day simple moving average of $45.50 and a two-hundred day simple moving average of $52.98. America’s Car-Mart, Inc. has a 12 month low of $37.98 and a 12 month high of $83.07. The firm has a market capitalization of $438.56 million, a PE ratio of -64.80, a price-to-earnings-growth ratio of 3.13 and a beta of 1.68.

Wall Street Analyst Weigh In

Separately, Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 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.