JPMorgan Chase & Co. Acquires 57,304 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

JPMorgan Chase & Co. boosted its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 351.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,601 shares of the company’s stock after buying an additional 57,304 shares during the period. JPMorgan Chase & Co. owned approximately 0.89% of America’s Car-Mart worth $3,085,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CRMT. Point72 DIFC Ltd bought a new position in America’s Car-Mart during the third quarter worth $40,000. Point72 Asset Management L.P. grew its position in America’s Car-Mart by 290.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after purchasing an additional 1,414 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of America’s Car-Mart during the 3rd quarter worth about $113,000. Hsbc Holdings PLC acquired a new position in shares of America’s Car-Mart during the second quarter valued at about $221,000. Finally, Quest Partners LLC lifted its stake in shares of America’s Car-Mart by 3,215.7% in the third quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after buying an additional 6,367 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Price Performance

CRMT opened at $46.23 on Monday. America’s Car-Mart, Inc. has a fifty-two week low of $37.98 and a fifty-two week high of $74.10. The company has a market capitalization of $381.40 million, a P/E ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64. The firm’s fifty day moving average price is $48.66 and its two-hundred day moving average price is $51.27.

Wall Street Analyst Weigh In

Separately, Stephens upgraded 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.