WCM Investment Management LLC Grows Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

WCM Investment Management LLC lifted its position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 39.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,091 shares of the company’s stock after acquiring an additional 91,256 shares during the quarter. WCM Investment Management LLC owned 3.93% of America’s Car-Mart worth $16,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CRMT. R Squared Ltd purchased a new stake in shares of America’s Car-Mart during the fourth quarter worth about $28,000. Point72 DIFC Ltd acquired a new stake in America’s Car-Mart in the 3rd quarter worth about $40,000. Point72 Asset Management L.P. increased its stake in 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 buying an additional 1,414 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of America’s Car-Mart during the third quarter valued at approximately $113,000. Finally, Argent Capital Management LLC acquired a new stake in shares of America’s Car-Mart in the fourth quarter worth approximately $315,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Stock Performance

NASDAQ:CRMT opened at $49.24 on Monday. America’s Car-Mart, Inc. has a one year low of $37.98 and a one year high of $74.10. The stock has a market cap of $406.23 million, a PE ratio of -60.05, a P/E/G ratio of 1.48 and a beta of 1.64. The stock has a 50 day moving average price of $50.12 and a 200 day moving average price of $49.72.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday.

America’s Car-Mart 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.