WCM Investment Management LLC Increases Stock Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

WCM Investment Management LLC grew its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 39.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 324,091 shares of the company’s stock after acquiring an additional 91,256 shares during the period. WCM Investment Management LLC’s holdings in America’s Car-Mart were worth $16,577,000 at the end of the most recent quarter.

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

America’s Car-Mart Trading Down 0.7 %

Shares of NASDAQ:CRMT opened at $49.24 on Monday. America’s Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $74.10. The company’s 50 day moving average is $50.12 and its two-hundred day moving average is $49.72. The company has a market cap of $406.23 million, a PE ratio of -60.05, a P/E/G ratio of 1.48 and a beta of 1.64.

Analyst Ratings Changes

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

America’s Car-Mart Company 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.