America’s Car-Mart, Inc. (CRMT) is Magnolia Group LLC’s 3rd Largest Position

Magnolia Group LLC lifted its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 84.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 826,885 shares of the company’s stock after purchasing an additional 377,841 shares during the period. America’s Car-Mart comprises about 14.8% of Magnolia Group LLC’s portfolio, making the stock its 3rd largest holding. Magnolia Group LLC owned 10.96% of America’s Car-Mart worth $32,166,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. purchased a new position in shares of America’s Car-Mart in the 1st quarter valued at about $304,000. Schwab Charles Investment Management Inc. increased its stake in shares of America’s Car-Mart by 4.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock valued at $1,196,000 after purchasing an additional 1,368 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of America’s Car-Mart by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock valued at $2,245,000 after purchasing an additional 3,130 shares in the last quarter. American International Group Inc. increased its stake in shares of America’s Car-Mart by 7.2% in the 1st quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after purchasing an additional 326 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in shares of America’s Car-Mart by 4.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock valued at $5,555,000 after purchasing an additional 7,060 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Several brokerages recently weighed in on CRMT. Stephens began coverage on America’s Car-Mart in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target for the company. Zacks Investment Research lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC lifted their price target on America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Finally, ValuEngine lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.67.

In related news, major shareholder Magnolia Capital Fund, Lp bought 8,196 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $36.55 per share, with a total value of $299,563.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eddie L. Hight sold 1,859 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $39.55, for a total transaction of $73,523.45. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 60,526 shares of company stock valued at $2,255,339 and sold 60,120 shares valued at $2,314,508. Company insiders own 11.70% of the company’s stock.

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America’s Car-Mart, Inc. (CRMT) traded down 0.24% during midday trading on Wednesday, reaching $40.75. The company had a trading volume of 21,674 shares. The stock has a market capitalization of $300.12 million, a PE ratio of 16.26 and a beta of 0.95. America’s Car-Mart, Inc. has a 1-year low of $30.20 and a 1-year high of $47.75. The firm’s 50 day moving average is $38.62 and its 200 day moving average is $37.16.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.90. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The company had revenue of $146.40 million during the quarter, compared to analysts’ expectations of $153.05 million. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts anticipate that America’s Car-Mart, Inc. will post $3.07 EPS for the current fiscal year.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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

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