Flaharty Asset Management LLC Grows Stake in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Flaharty Asset Management LLC grew its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 75.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the company’s stock after purchasing an additional 3,000 shares during the period. Flaharty Asset Management LLC owned approximately 0.08% of America’s Car-Mart worth $359,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd bought a new stake in shares of America’s Car-Mart during the 4th quarter worth $28,000. Rhumbline Advisers lifted its holdings in shares of America’s Car-Mart by 5.8% during the 4th quarter. Rhumbline Advisers now owns 10,235 shares of the company’s stock worth $525,000 after acquiring an additional 564 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of America’s Car-Mart during the 3rd quarter worth $40,000. Point72 Asset Management L.P. lifted its holdings in shares of America’s Car-Mart by 290.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after acquiring an additional 1,414 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of America’s Car-Mart by 1.0% during the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock worth $7,548,000 after acquiring an additional 1,810 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

America’s Car-Mart Stock Up 0.3 %

America’s Car-Mart stock opened at $41.86 on Friday. The company has a market capitalization of $345.47 million, a PE ratio of -51.05, a P/E/G ratio of 1.41 and a beta of 1.64. The firm has a fifty day simple moving average of $48.39 and a two-hundred day simple moving average of $48.12. America’s Car-Mart, Inc. has a twelve month low of $37.98 and a twelve month high of $74.10.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CRMT shares. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

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.