Yacktman Asset Management LP Sells 16,000 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Yacktman Asset Management LP decreased its holdings in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,000 shares of the company’s stock after selling 16,000 shares during the period. Yacktman Asset Management LP’s holdings in America’s Car-Mart were worth $820,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. purchased a new stake in shares of America’s Car-Mart in the 3rd quarter worth approximately $328,000. Sentry Investment Management LLC purchased a new stake in shares of America’s Car-Mart in the third quarter worth $113,000. WCM Investment Management LLC increased its holdings in shares of 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 valued at $10,107,000 after acquiring an additional 9,326 shares in the last quarter. Platform Technology Partners bought a new position in shares of America’s Car-Mart during the third quarter valued at $312,000. Finally, Quest Partners LLC raised its position in shares of 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 purchasing an additional 6,367 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Stock Up 1.7 %

Shares of NASDAQ:CRMT opened at $50.10 on Tuesday. America’s Car-Mart, Inc. has a 1 year low of $37.98 and a 1 year high of $74.10. The stock’s fifty day moving average price is $50.12 and its 200-day moving average price is $49.61.

Wall Street Analyst Weigh In

Several analysts recently commented on CRMT shares. StockNews.com downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report 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.