Goldman Sachs Group Inc. raised its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 54.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,628 shares of the company’s stock after acquiring an additional 25,656 shares during the quarter. Goldman Sachs Group Inc.’s holdings in America’s Car-Mart were worth $3,242,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $156,000. Brandywine Global Investment Management LLC grew its stake in shares of America’s Car-Mart by 27.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock worth $235,000 after acquiring an additional 1,119 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of America’s Car-Mart during the 3rd quarter worth approximately $287,000. Wells Fargo & Company MN grew its stake in shares of America’s Car-Mart by 46.9% during the 3rd quarter. Wells Fargo & Company MN now owns 9,725 shares of the company’s stock worth $400,000 after acquiring an additional 3,105 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $658,000. 82.21% of the stock is owned by institutional investors.
In related news, Director William H. Henderson sold 3,454 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $50.00, for a total value of $172,700.00. Following the completion of the transaction, the director now directly owns 137,190 shares of the company’s stock, valued at $6,859,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Henderson sold 11,546 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $49.50, for a total transaction of $571,527.00. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $1,484,327 over the last three months. 11.70% of the stock is owned by company insiders.
America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Monday, February 19th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. The business had revenue of $147.20 million during the quarter, compared to analysts’ expectations of $136.55 million. During the same period last year, the business earned $0.35 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. research analysts anticipate that America’s Car-Mart, Inc. will post 3.27 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. ValuEngine cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, January 17th. Finally, Stephens set a $50.00 target price on shares of America’s Car-Mart and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. America’s Car-Mart presently has a consensus rating of “Buy” and an average price target of $49.00.
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America’s Car-Mart Company Profile
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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