Rhumbline Advisers Grows Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Rhumbline Advisers grew its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,235 shares of the company’s stock after buying an additional 564 shares during the quarter. Rhumbline Advisers owned 0.12% of America’s Car-Mart worth $525,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC lifted its position in shares of America’s Car-Mart by 39.2% during the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock worth $16,577,000 after purchasing an additional 91,256 shares in the last quarter. R Squared Ltd acquired a new stake in shares of America’s Car-Mart during the fourth quarter worth $28,000. Argent Capital Management LLC acquired a new stake in shares of America’s Car-Mart during the fourth quarter worth $315,000. JPMorgan Chase & Co. raised its holdings in shares of America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after purchasing an additional 57,304 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of America’s Car-Mart by 2.0% during the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after acquiring an additional 2,807 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Trading Up 0.2 %

NASDAQ:CRMT opened at $44.54 on Friday. America’s Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The company has a 50-day moving average of $47.17 and a 200-day moving average of $47.37. The firm has a market cap of $367.59 million, a price-to-earnings ratio of -54.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.38. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The company had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. On average, research analysts forecast that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart 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.