America’s Car-Mart, Inc. (CRMT) Shares Sold by SG Capital Management LLC

SG Capital Management LLC reduced its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 19.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 86,553 shares of the company’s stock after selling 20,330 shares during the period. America’s Car-Mart accounts for 1.7% of SG Capital Management LLC’s portfolio, making the stock its 19th biggest position. SG Capital Management LLC’s holdings in America’s Car-Mart were worth $6,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $207,000. Jane Street Group LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $235,000. Tower Research Capital LLC TRC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $272,000. Spark Investment Management LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $297,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $316,000. Institutional investors own 71.09% of the company’s stock.

In other America’s Car-Mart news, major shareholder Magnolia Capital Fund, Lp sold 55,597 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $64.16, for a total value of $3,567,103.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ray C. Dillon bought 750 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was bought at an average cost of $83.41 per share, for a total transaction of $62,557.50. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $125,115. The disclosure for this purchase can be found here. 10.00% of the stock is owned by company insiders.

NASDAQ CRMT traded up $0.03 during trading hours on Friday, hitting $71.72. The company had a trading volume of 160 shares, compared to its average volume of 74,481. America’s Car-Mart, Inc. has a fifty-two week low of $40.15 and a fifty-two week high of $89.85. The firm has a market capitalization of $500.62 million, a PE ratio of 19.92, a P/E/G ratio of 0.70 and a beta of 1.02.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. America’s Car-Mart had a return on equity of 13.52% and a net margin of 6.41%. The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $161.39 million. On average, equities research analysts predict that America’s Car-Mart, Inc. will post 5.34 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. BidaskClub lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Bank of America upped their price target on America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Stephens set a $84.00 price target on America’s Car-Mart and gave the company a “hold” rating in a research report on Monday, August 20th. Finally, Janney Montgomery Scott raised America’s Car-Mart from a “neutral” rating to a “buy” rating and upped their price target for the company from $61.00 to $96.00 in a research report on Monday, August 20th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $86.20.

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Institutional Ownership by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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