America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 140,625 shares of the company’s stock after purchasing an additional 2,807 shares during the quarter. Geode Capital Management LLC owned 2.20% of America’s Car-Mart worth $5,896,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

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 Price Performance

NASDAQ:CRMT opened at $49.22 on Friday. The stock’s 50-day moving average is $47.52 and its two-hundred day moving average is $52.32. The stock has a market cap of $406.21 million, a PE ratio of -60.02, a price-to-earnings-growth ratio of 3.13 and a beta of 1.64. America’s Car-Mart, Inc. has a fifty-two week low of $37.98 and a fifty-two week high of $74.10.

About America’s Car-Mart

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.