Argent Capital Management LLC Increases Position in America’s Car-Mart, Inc. $CRMT

Argent Capital Management LLC raised its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,965 shares of the company’s stock after purchasing an additional 574 shares during the quarter. Argent Capital Management LLC owned 0.13% of America’s Car-Mart worth $614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in America’s Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the period. AlphaQuest LLC raised its position in America’s Car-Mart by 1,316.3% in the first quarter. AlphaQuest LLC now owns 1,997 shares of the company’s stock valued at $91,000 after purchasing an additional 1,856 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in America’s Car-Mart by 31.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after purchasing an additional 965 shares during the period. Deutsche Bank AG raised its position in America’s Car-Mart by 109.4% in the fourth quarter. Deutsche Bank AG now owns 4,555 shares of the company’s stock valued at $233,000 after purchasing an additional 2,380 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in America’s Car-Mart in the first quarter valued at approximately $209,000. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stephens cut their target price on America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, September 5th. Wall Street Zen lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, America’s Car-Mart has an average rating of “Buy” and a consensus price target of $45.00.

America’s Car-Mart Stock Performance

Shares of NASDAQ:CRMT opened at $32.83 on Tuesday. The company has a 50-day simple moving average of $44.23 and a 200-day simple moving average of $48.05. America’s Car-Mart, Inc. has a one year low of $31.83 and a one year high of $62.72. The stock has a market capitalization of $271.83 million, a price-to-earnings ratio of 21.18 and a beta of 1.33.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, September 4th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($1.38). America’s Car-Mart had a net margin of 0.95% and a return on equity of 1.08%. The business had revenue of $125.45 million during the quarter, compared to analysts’ expectations of $350.35 million. As a group, research analysts forecast that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

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.