Dynamic Technology Lab Private Ltd Makes New $573,000 Investment in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Dynamic Technology Lab Private Ltd bought a new stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) in the fourth quarter, Holdings Channel reports. The fund bought 11,180 shares of the company’s stock, valued at approximately $573,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. R Squared Ltd purchased a new position in America’s Car-Mart during the fourth quarter valued at approximately $28,000. Point72 DIFC Ltd purchased a new stake in America’s Car-Mart in the 3rd quarter worth approximately $40,000. Point72 Asset Management L.P. boosted its holdings in America’s Car-Mart by 290.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after purchasing an additional 1,414 shares during the period. Quantbot Technologies LP bought a new position in America’s Car-Mart in the 4th quarter valued at $117,000. Finally, Corebridge Financial Inc. increased its holdings in shares of America’s Car-Mart by 17.8% in the fourth quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock worth $183,000 after purchasing an additional 539 shares during the period. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Trading Up 0.0 %

CRMT stock opened at $43.67 on Tuesday. The company’s 50 day moving average is $46.52 and its 200 day moving average is $46.09. The stock has a market cap of $360.80 million, a price-to-earnings ratio of -53.26, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. America’s Car-Mart, Inc. has a 1-year low of $36.40 and a 1-year high of $72.26.

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

Insider Activity at America’s Car-Mart

In other America’s Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of America’s Car-Mart stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. The trade was a 13.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 19.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.