State Street Corp Boosts Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

State Street Corp boosted its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,055 shares of the company’s stock after purchasing an additional 1,810 shares during the period. State Street Corp owned about 2.81% of America’s Car-Mart worth $7,548,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in shares of America’s Car-Mart in the 3rd quarter worth approximately $40,000. Point72 Asset Management L.P. increased its position in America’s Car-Mart by 290.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after purchasing an additional 1,414 shares during the period. Sentry Investment Management LLC bought a new position in America’s Car-Mart in the 3rd quarter worth $113,000. Hsbc Holdings PLC purchased a new stake in shares of America’s Car-Mart in the 2nd quarter worth about $221,000. Finally, Foster & Motley Inc. boosted its stake in shares of America’s Car-Mart by 20.3% during the 2nd quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock valued at $393,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Stock Down 2.6 %

Shares of CRMT stock opened at $52.31 on Friday. The stock has a market cap of $431.71 million, a price-to-earnings ratio of -63.79, a PEG ratio of 3.13 and a beta of 1.68. The business’s fifty day moving average is $46.46 and its 200 day moving average is $52.72. America’s Car-Mart, Inc. has a twelve month low of $37.98 and a twelve month high of $82.69.

Analyst Ratings Changes

Separately, Stephens raised shares of 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.