Legal & General Group Plc Purchases 14,417 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Legal & General Group Plc boosted its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 999.8% in the first quarter, HoldingsChannel reports. The firm owned 15,859 shares of the company’s stock after buying an additional 14,417 shares during the quarter. Legal & General Group Plc’s holdings in America’s Car-Mart were worth $884,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in America’s Car-Mart by 45.3% in the 1st quarter. State Street Corp now owns 217,150 shares of the company’s stock worth $12,236,000 after purchasing an additional 67,689 shares in the last quarter. Rhumbline Advisers boosted its stake in America’s Car-Mart by 133.4% in the first quarter. Rhumbline Advisers now owns 19,166 shares of the company’s stock valued at $1,080,000 after acquiring an additional 10,954 shares during the last quarter. Principal Financial Group Inc. boosted its stake in America’s Car-Mart by 1,234.0% in the first quarter. Principal Financial Group Inc. now owns 50,637 shares of the company’s stock valued at $2,853,000 after acquiring an additional 46,841 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in America’s Car-Mart by 119.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,143 shares of the company’s stock valued at $177,000 after acquiring an additional 1,711 shares during the last quarter. Finally, EAM Investors LLC purchased a new position in America’s Car-Mart in the fourth quarter valued at about $1,783,000. 77.99% of the stock is owned by institutional investors and hedge funds.

Shares of CRMT stock opened at $85.16 on Wednesday. The stock has a market capitalization of $538.72 million, a P/E ratio of 11.52, a PEG ratio of 1.30 and a beta of 1.46. The company has a current ratio of 1.99, a quick ratio of 1.79 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $81.88 and its 200 day moving average is $87.90. America’s Car-Mart, Inc. has a 12 month low of $35.18 and a 12 month high of $129.70.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.15. The company had revenue of $195.69 million for the quarter, compared to analysts’ expectations of $169.16 million. America’s Car-Mart had a net margin of 6.90% and a return on equity of 17.92%. On average, equities analysts predict that America’s Car-Mart, Inc. will post 7.44 EPS for the current year.

CRMT has been the topic of a number of research analyst reports. Bank of America boosted their target price on shares of America’s Car-Mart from $137.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. BidaskClub cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Wednesday, June 24th. Stephens upgraded shares of America’s Car-Mart from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $139.00 to $72.00 in a research note on Friday, March 27th. Finally, TheStreet upgraded shares of America’s Car-Mart from a “c+” rating to a “b-” rating in a research note on Friday, May 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $105.50.

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 February 26, 2019, it operated 144 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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