Prescott Group Capital Management L.L.C. Reduces Holdings in America’s Car-Mart, Inc. $CRMT

Prescott Group Capital Management L.L.C. reduced its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,035 shares of the company’s stock after selling 53,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned approximately 3.25% of America’s Car-Mart worth $6,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in America’s Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after acquiring an additional 990 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of America’s Car-Mart by 264.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $135,000 after purchasing an additional 1,747 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in shares of America’s Car-Mart by 48.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock worth $108,000 after purchasing an additional 1,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 during the last quarter. Finally, Man Group plc acquired a new stake in shares of America’s Car-Mart during the 2nd quarter worth about $255,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Price Performance

America’s Car-Mart stock opened at $11.88 on Thursday. America’s Car-Mart, Inc. has a 12-month low of $10.58 and a 12-month high of $62.72. The stock has a market capitalization of $98.60 million, a P/E ratio of -1.04 and a beta of 1.18. The firm’s 50-day moving average is $12.70 and its two-hundred day moving average is $19.75.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, March 12th. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($1.27). America’s Car-Mart had a negative return on equity of 2.63% and a negative net margin of 6.99%.The firm had revenue of $222.62 million for the quarter, compared to analyst estimates of $329.26 million.

Insider Activity

In related news, major shareholder Adam K. Peterson sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $12.59, for a total value of $100,720.00. Following the sale, the insider directly owned 1,119,875 shares of the company’s stock, valued at approximately $14,099,226.25. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.50% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their price target on shares of America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.

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.