America’s Car-Mart, Inc. (NASDAQ:CRMT) Stake Lowered by Jane Street Group LLC

Jane Street Group LLC decreased its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 63.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,688 shares of the company’s stock after selling 33,020 shares during the period. Jane Street Group LLC owned 0.29% of America’s Car-Mart worth $783,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Portolan Capital Management LLC acquired a new position in America’s Car-Mart during the 3rd quarter valued at about $3,197,000. Magnolia Group LLC boosted its position in shares of America’s Car-Mart by 6.7% during the second quarter. Magnolia Group LLC now owns 768,410 shares of the company’s stock worth $46,266,000 after buying an additional 48,460 shares during the period. Waterfall Asset Management LLC bought a new position in America’s Car-Mart in the 3rd quarter worth approximately $1,258,000. HITE Hedge Asset Management LLC acquired a new stake in America’s Car-Mart in the 2nd quarter valued at approximately $1,449,000. Finally, PDT Partners LLC bought a new stake in America’s Car-Mart during the 3rd quarter valued at $974,000. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Trading Down 2.8 %

Shares of NASDAQ:CRMT opened at $49.81 on Friday. America’s Car-Mart, Inc. has a twelve month low of $37.98 and a twelve month high of $74.10. The firm has a market cap of $411.08 million, a P/E ratio of -60.74, a P/E/G ratio of 3.13 and a beta of 1.68. The company has a 50 day moving average of $47.32 and a 200-day moving average of $52.41.

Wall Street Analysts Forecast Growth

Separately, Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

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.