Point72 Asset Management L.P. Purchases 1,414 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Point72 Asset Management L.P. boosted its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 290.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,900 shares of the company’s stock after buying an additional 1,414 shares during the quarter. Point72 Asset Management L.P.’s holdings in America’s Car-Mart were worth $80,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new position in shares of America’s Car-Mart in the third quarter valued at about $113,000. Hsbc Holdings PLC purchased a new position in America’s Car-Mart during the 2nd quarter valued at about $221,000. Argent Capital Management LLC bought a new position in America’s Car-Mart during the 2nd quarter valued at approximately $231,000. Sequoia Financial Advisors LLC purchased a new stake in America’s Car-Mart in the 2nd quarter worth approximately $245,000. Finally, Quest Partners LLC lifted its holdings in America’s Car-Mart by 3,215.7% in the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock worth $275,000 after buying an additional 6,367 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Insider Buying and Selling at America’s Car-Mart

In other America’s Car-Mart news, Director Joshua G. Welch bought 23,255 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average price of $43.00 per share, with a total value of $999,965.00. Following the completion of the purchase, the director now owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. This trade represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, the insider now owns 1,582,363 shares in the company, valued at approximately $68,041,609. This represents a 105.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 19.60% of the company’s stock.

America’s Car-Mart Price Performance

CRMT opened at $55.30 on Friday. America’s Car-Mart, Inc. has a 52 week low of $37.98 and a 52 week high of $83.07. The stock has a market cap of $456.23 million, a PE ratio of -67.17, a PEG ratio of 3.13 and a beta of 1.68. The business has a 50 day moving average of $43.99 and a 200-day moving average of $53.31.

Analyst Upgrades and Downgrades

CRMT has been the subject of a number of recent analyst reports. StockNews.com upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

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.