Magnolia Group LLC Sells 167,404 Shares of America’s Car-Mart, Inc. $CRMT

Magnolia Group LLC lowered its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 11.7% in the third quarter, Holdings Channel reports. The institutional investor owned 1,260,690 shares of the company’s stock after selling 167,404 shares during the period. America’s Car-Mart accounts for approximately 5.8% of Magnolia Group LLC’s holdings, making the stock its 7th biggest position. Magnolia Group LLC owned about 0.15% of America’s Car-Mart worth $36,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CRMT. AQR Capital Management LLC acquired a new position in America’s Car-Mart in the 1st quarter valued at approximately $209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of America’s Car-Mart by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after purchasing an additional 255 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of America’s Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after purchasing an additional 19,389 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in America’s Car-Mart by 2.2% in the first quarter. Rhumbline Advisers now owns 10,464 shares of the company’s stock worth $475,000 after purchasing an additional 229 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Price Performance

America’s Car-Mart stock opened at $26.93 on Tuesday. The stock has a fifty day moving average price of $24.31 and a two-hundred day moving average price of $33.50. America’s Car-Mart, Inc. has a 52-week low of $17.78 and a 52-week high of $62.72. The firm has a market capitalization of $223.21 million, a P/E ratio of -15.21 and a beta of 1.12.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, December 4th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($1.39). The firm had revenue of $350.19 million during the quarter, compared to analyst estimates of $344.84 million. America’s Car-Mart had a negative net margin of 1.04% and a positive return on equity of 0.28%. On average, equities research analysts predict that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of America’s Car-Mart in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.