America’s Car-Mart, Inc. (NASDAQ:CRMT) Major Shareholder Magnolia Capital Fund, Lp Acquires 14,000 Shares

America’s Car-Mart, Inc. (NASDAQ:CRMT) major shareholder Magnolia Capital Fund, Lp acquired 14,000 shares of America’s Car-Mart stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of $37.61 per share, for a total transaction of $526,540.00. The acquisition was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Magnolia Capital Fund, Lp also recently made the following trade(s):

  • On Tuesday, July 25th, Magnolia Capital Fund, Lp bought 19,000 shares of America’s Car-Mart stock. The shares were bought at an average cost of $37.71 per share, for a total transaction of $716,490.00.
  • On Tuesday, July 11th, Magnolia Capital Fund, Lp bought 6,770 shares of America’s Car-Mart stock. The shares were bought at an average cost of $36.84 per share, for a total transaction of $249,406.80.
  • On Tuesday, June 20th, Magnolia Capital Fund, Lp bought 4,323 shares of America’s Car-Mart stock. The shares were bought at an average cost of $36.75 per share, for a total transaction of $158,870.25.
  • On Wednesday, May 31st, Magnolia Capital Fund, Lp acquired 24,607 shares of America’s Car-Mart stock. The stock was acquired at an average cost of $35.75 per share, for a total transaction of $879,700.25.

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) traded up 3.66% on Friday, hitting $38.25. The stock had a trading volume of 74,559 shares. The firm has a 50 day moving average of $38.15 and a 200-day moving average of $36.99. America’s Car-Mart, Inc. has a 1-year low of $30.20 and a 1-year high of $47.75. The firm has a market capitalization of $288.71 million, a price-to-earnings ratio of 15.36 and a beta of 0.94.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The firm had revenue of $146.40 million during the quarter, compared to analyst estimates of $153.05 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Equities analysts predict that America’s Car-Mart, Inc. will post $3.06 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in the company. Magnolia Group LLC purchased a new position in shares of America’s Car-Mart during the first quarter worth $16,368,000. Kennedy Capital Management Inc. raised its position in shares of America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock worth $8,798,000 after buying an additional 118,027 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of America’s Car-Mart by 17.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 514,885 shares of the company’s stock worth $22,527,000 after buying an additional 76,971 shares during the last quarter. WCM Investment Management CA raised its position in shares of America’s Car-Mart by 12.1% in the first quarter. WCM Investment Management CA now owns 204,642 shares of the company’s stock worth $7,459,000 after buying an additional 22,045 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of America’s Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after buying an additional 20,317 shares during the last quarter. Institutional investors own 83.55% of the company’s stock.

A number of research analysts have recently issued reports on the company. Jefferies Group LLC boosted their price objective on America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Zacks Investment Research downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

Insider Buying and Selling by Quarter for America`s Car-Mart (NASDAQ:CRMT)

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