Cornerstone Investment Partners LLC Buys Shares of 4,288 America’s Car-Mart, Inc. (NASDAQ:CRMT)

Cornerstone Investment Partners LLC bought a new position in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,288 shares of the company’s stock, valued at approximately $220,000. Cornerstone Investment Partners LLC owned 0.05% of America’s Car-Mart as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. R Squared Ltd acquired a new position in shares of America’s Car-Mart during the fourth quarter valued at $28,000. Rhumbline Advisers lifted its position in America’s Car-Mart by 5.8% in the 4th quarter. Rhumbline Advisers now owns 10,235 shares of the company’s stock valued at $525,000 after purchasing an additional 564 shares during the last quarter. Point72 DIFC Ltd acquired a new position in America’s Car-Mart during the 3rd quarter valued at about $40,000. Point72 Asset Management L.P. grew its position in America’s Car-Mart by 290.9% in 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 last quarter. Finally, State Street Corp increased its stake in shares of 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 purchasing an additional 1,810 shares during the period. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Trading Down 2.6 %

CRMT stock opened at $38.00 on Wednesday. The firm’s 50-day moving average is $47.81 and its two-hundred day moving average is $47.66. The company has a market capitalization of $313.61 million, a price-to-earnings ratio of -46.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.64. America’s Car-Mart, Inc. has a 52 week low of $36.40 and a 52 week high of $74.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CRMT shares. StockNews.com downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

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.