State Street Corp Purchases 1,810 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

State Street Corp lifted its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 180,055 shares of the company’s stock after purchasing an additional 1,810 shares during the period. State Street Corp’s holdings in America’s Car-Mart were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in America’s Car-Mart by 4.0% in the second quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after purchasing an additional 381 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 buying an additional 905 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of America’s Car-Mart in the third quarter worth approximately $40,000. Foster & Motley Inc. grew its position in America’s Car-Mart by 20.3% during the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after buying an additional 1,100 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in America’s Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after buying an additional 1,414 shares during the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

America’s Car-Mart Stock Down 2.6 %

Shares of CRMT opened at $52.31 on Friday. America’s Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $82.69. The stock has a market cap of $431.71 million, a price-to-earnings ratio of -63.79, a PEG ratio of 3.13 and a beta of 1.68. The business has a 50-day simple moving average of $46.46 and a two-hundred day simple moving average of $52.72.

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.