America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC cut its position in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,500 shares of the company’s stock after selling 2,000 shares during the period. Independent Solutions Wealth Management LLC owned approximately 0.08% of America’s Car-Mart worth $272,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRMT. Point72 DIFC Ltd purchased a new position in shares of America’s Car-Mart during the third quarter worth $40,000. Point72 Asset Management L.P. raised 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 valued at $80,000 after buying an additional 1,414 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of America’s Car-Mart in the 3rd quarter valued at about $113,000. Hsbc Holdings PLC acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at about $221,000. Finally, Argent Capital Management LLC purchased a new stake in shares of America’s Car-Mart in the second quarter worth about $231,000. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Stock Up 1.7 %

Shares of America’s Car-Mart stock opened at $53.59 on Friday. The firm has a market cap of $442.28 million, a PE ratio of -65.35, a P/E/G ratio of 3.13 and a beta of 1.68. America’s Car-Mart, Inc. has a twelve month low of $37.98 and a twelve month high of $83.07. The business has a 50-day moving average price of $45.29 and a 200 day moving average price of $53.10.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRMT shares. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

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.