Thrivent Financial for Lutherans Sells 203 Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT)

Thrivent Financial for Lutherans decreased its stake in America’s Car-Mart, Inc. (NASDAQ:CRMT – Get Rating) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,476 shares of the company’s stock after selling 203 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.12% of America’s Car-Mart worth $540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRMT. Cutler Group LLC CA bought a new stake in America’s Car-Mart in the 4th quarter valued at $28,000. Quantbot Technologies LP purchased a new stake in America’s Car-Mart in the first quarter worth $48,000. Captrust Financial Advisors lifted its holdings in America’s Car-Mart by 31.6% during the 1st quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock valued at $56,000 after buying an additional 167 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in shares of America’s Car-Mart by 621.0% during the first quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock valued at $61,000 after acquiring an additional 652 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of America’s Car-Mart by 17.6% during the third quarter. Mutual of America Capital Management LLC now owns 1,183 shares of the company’s stock valued at $72,000 after acquiring an additional 177 shares in the last quarter. 81.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on America’s Car-Mart in a research note on Thursday, May 18th. They issued a “sell” rating on the stock.

America’s Car-Mart Price Performance

CRMT stock opened at $89.37 on Friday. America’s Car-Mart, Inc. has a 1-year low of $52.24 and a 1-year high of $127.05. The business has a 50-day moving average price of $80.51 and a 200 day moving average price of $78.61. The company has a market capitalization of $569.26 million, a P/E ratio of 13.30 and a beta of 1.42.

America’s Car-Mart (NASDAQ:CRMT – Get Rating) last posted its quarterly earnings results on Wednesday, May 24th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.81). America’s Car-Mart had a net margin of 3.24% and a return on equity of 9.20%. The business had revenue of $388.30 million during the quarter, compared to the consensus estimate of $367.93 million. During the same quarter in the prior year, the firm posted $4.01 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts anticipate that America’s Car-Mart, Inc. will post 3.65 earnings per share for the current fiscal year.

America’s Car-Mart Profile

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America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.