MetLife Investment Management LLC Has $216,000 Holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT)

MetLife Investment Management LLC increased its holdings in America’s Car-Mart, Inc. (NASDAQ:CRMT) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,219 shares of the company’s stock after buying an additional 602 shares during the period. MetLife Investment Management LLC’s holdings in America’s Car-Mart were worth $216,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CRMT. Corebridge Financial Inc. lifted its position in shares of America’s Car-Mart by 17.8% during the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company’s stock valued at $183,000 after acquiring an additional 539 shares during the period. R Squared Ltd bought a new stake in America’s Car-Mart during the fourth quarter worth about $28,000. Rhumbline Advisers increased its holdings 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 buying an additional 564 shares during the period. Wells Fargo & Company MN raised its position in shares of America’s Car-Mart by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company’s stock valued at $218,000 after buying an additional 1,655 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of America’s Car-Mart by 16.8% during the 4th quarter. American Century Companies Inc. now owns 11,533 shares of the company’s stock worth $591,000 after acquiring an additional 1,662 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Trading Up 6.2 %

Shares of NASDAQ CRMT opened at $49.61 on Friday. The company has a market cap of $409.88 million, a price-to-earnings ratio of -60.50, a PEG ratio of 1.41 and a beta of 1.38. America’s Car-Mart, Inc. has a 12 month low of $36.40 and a 12 month high of $72.26. The stock has a 50-day moving average price of $46.44 and a two-hundred day moving average price of $46.88.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.38. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The company had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. On average, sell-side analysts predict that America’s Car-Mart, Inc. will post 0.86 earnings per share for the current year.

Insider Transactions at America’s Car-Mart

In related news, Director Jonathan Z. Buba bought 75,000 shares of America’s Car-Mart stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the completion of the acquisition, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. The trade was a 13.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 19.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, May 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.