Quantbot Technologies LP Invests $117,000 in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Quantbot Technologies LP bought a new stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) in the 4th quarter, HoldingsChannel reports. The firm bought 2,284 shares of the company’s stock, valued at approximately $117,000.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in America’s Car-Mart in the 4th quarter worth about $28,000. Rhumbline Advisers boosted its holdings in shares of America’s Car-Mart by 5.8% in the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company’s stock worth $525,000 after buying an additional 564 shares during the period. Point72 DIFC Ltd purchased a new position in shares of America’s Car-Mart in the third quarter worth approximately $40,000. Point72 Asset Management L.P. raised its holdings in shares of 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 acquiring an additional 1,414 shares during the period. Finally, State Street Corp lifted its position in shares of America’s Car-Mart by 1.0% in the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after acquiring an additional 1,810 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

America’s Car-Mart Stock Performance

Shares of CRMT opened at $45.39 on Tuesday. The company has a market capitalization of $375.01 million, a PE ratio of -55.35, a PEG ratio of 1.41 and a beta of 1.71. The company’s 50 day moving average price is $46.90 and its 200 day moving average price is $46.20. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $72.26.

America’s Car-Mart (NASDAQ:CRMT) last posted 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 business had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. On average, equities analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

In other news, Director Jonathan Z. Buba purchased 75,000 shares of America’s Car-Mart stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the acquisition, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. This represents a 13.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 19.60% of the company’s stock.

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.