JPMorgan Chase & Co. Has $3.09 Million Stock Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

JPMorgan Chase & Co. lifted its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 351.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,601 shares of the company’s stock after buying an additional 57,304 shares during the quarter. JPMorgan Chase & Co.’s holdings in America’s Car-Mart were worth $3,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRMT. Rhumbline Advisers lifted its position in shares of America’s Car-Mart by 4.0% during the second quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after purchasing an additional 381 shares in the last quarter. American Century Companies Inc. raised its position in America’s Car-Mart by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after purchasing an additional 905 shares during the last quarter. Hsbc Holdings PLC acquired a new position in America’s Car-Mart during the 2nd quarter worth $221,000. HITE Hedge Asset Management LLC bought a new position in America’s Car-Mart in the 2nd quarter valued at $1,449,000. Finally, Deerfield Management Company L.P. Series C boosted its position in America’s Car-Mart by 459.9% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company’s stock valued at $1,341,000 after buying an additional 18,290 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $46.23 on Monday. The company’s 50 day simple moving average is $48.66 and its 200 day simple moving average is $51.27. America’s Car-Mart, Inc. has a fifty-two week low of $37.98 and a fifty-two week high of $74.10. The firm has a market capitalization of $381.40 million, a P/E ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64.

Wall Street Analyst Weigh In

Separately, Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note 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.