Independent Solutions Wealth Management LLC Has $256,000 Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Independent Solutions Wealth Management LLC reduced its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock after selling 1,500 shares during the quarter. Independent Solutions Wealth Management LLC owned about 0.06% of America’s Car-Mart worth $256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in America’s Car-Mart by 351.6% in the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock valued at $3,085,000 after acquiring an additional 57,304 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of America’s Car-Mart by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after purchasing an additional 2,807 shares during the last quarter. PDT Partners LLC bought a new position in shares of America’s Car-Mart in the 3rd quarter valued at $974,000. Argent Capital Management LLC acquired a new position in shares of America’s Car-Mart during the 4th quarter worth $315,000. Finally, Portolan Capital Management LLC bought a new stake in shares of America’s Car-Mart during the 3rd quarter worth $3,197,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

America’s Car-Mart Stock Up 0.6 %

Shares of CRMT stock opened at $48.08 on Friday. America’s Car-Mart, Inc. has a twelve month low of $36.40 and a twelve month high of $72.26. The stock’s fifty day simple moving average is $46.60 and its 200 day simple moving average is $46.52. The firm has a market capitalization of $397.24 million, a P/E ratio of -58.63, a P/E/G ratio of 1.41 and a beta of 1.71.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.38. The company had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. As a group, equities research analysts expect that America’s Car-Mart, Inc. will post 0.86 EPS for the current fiscal year.

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.