R Squared Ltd Takes $28,000 Position in America’s Car-Mart, Inc. (NASDAQ:CRMT)

R Squared Ltd bought a new stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 550 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds have also modified their holdings of CRMT. Portolan Capital Management LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $3,197,000. JPMorgan Chase & Co. raised its position in shares of America’s Car-Mart by 351.6% in the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock valued at $3,085,000 after buying an additional 57,304 shares during the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $1,258,000. PDT Partners LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $974,000. Finally, WCM Investment Management LLC increased its position in America’s Car-Mart by 4.2% during the third quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock worth $10,107,000 after purchasing an additional 9,326 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Stock Performance

NASDAQ CRMT opened at $47.60 on Wednesday. The firm has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $50.08. America’s Car-Mart, Inc. has a one year low of $37.98 and a one year high of $74.10. The firm has a market cap of $392.70 million, a price-to-earnings ratio of -58.05, a PEG ratio of 1.45 and a beta of 1.64.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRMT. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

About America’s Car-Mart

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.