Argent Capital Management LLC Makes New $315,000 Investment in America’s Car-Mart, Inc. (NASDAQ:CRMT)

Argent Capital Management LLC bought a new stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,138 shares of the company’s stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of America’s Car-Mart by 351.6% in the 3rd 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 period. Geode Capital Management LLC raised its position in America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after acquiring an additional 2,807 shares in the last quarter. State Street Corp lifted its holdings in America’s Car-Mart by 1.0% in the third quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after acquiring an additional 1,810 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of America’s Car-Mart during the 3rd quarter worth $40,000. Finally, Point72 Asset Management L.P. grew its stake 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 purchasing an additional 1,414 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Stock Performance

Shares of NASDAQ CRMT opened at $45.50 on Friday. America’s Car-Mart, Inc. has a 1 year low of $37.98 and a 1 year high of $74.10. The firm has a market cap of $375.38 million, a P/E ratio of -55.49, a price-to-earnings-growth ratio of 2.53 and a beta of 1.64. The firm’s 50 day moving average price is $48.58 and its 200 day moving average price is $51.48.

Wall Street Analysts Forecast Growth

Separately, Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

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.