Bares Capital Management Lowers stake in America's Car-Mart (CRMT)

America's Car-Mart (CRMT) : Bares Capital Management reduced its stake in America's Car-Mart by 5.47% during the most recent quarter end. The investment management company now holds a total of 1,291,696 shares of America's Car-Mart which is valued at $43,116,812 after selling 74,758 shares in America's Car-Mart , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.America's Car-Mart makes up approximately 2.84% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in CRMT in the latest quarter, The investment management firm added 1,888 additional shares and now holds a total of 35,135 shares of America's Car-Mart which is valued at $1,172,806.Dimensional Fund Advisors Lp reduced its stake in CRMT by selling 4,550 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 420,315 shares of CRMT which is valued at $14,559,712. America's Car-Mart makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Wcm Investment Managementca boosted its stake in CRMT in the latest quarter, The investment management firm added 7,450 additional shares and now holds a total of 156,652 shares of America's Car-Mart which is valued at $5,448,357. America's Car-Mart makes up approx 0.08% of Wcm Investment Managementca’s portfolio.California State Teachers Retirement System reduced its stake in CRMT by selling 1,656 shares or 9.1% in the most recent quarter. The Hedge Fund company now holds 16,547 shares of CRMT which is valued at $578,318.Horrell Capital Management reduced its stake in CRMT by selling 138 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 26,862 shares of CRMT which is valued at $946,886. America's Car-Mart makes up approx 0.59% of Horrell Capital Management’s portfolio.

America's Car-Mart opened for trading at $37.42 and hit $38.25 on the upside on Friday, eventually ending the session at $36.68, with a gain of 13.46% or 4.35 points. The heightened volatility saw the trading volume jump to 3,36,570 shares. Company has a market cap of $294 M.

On the company’s financial health, America's Car-Mart reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.46. The company had revenue of $145.80 million for the quarter, compared to analysts expectations of $154.36 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on America's Car-Mart. America's Car-Mart was Downgraded by Sidoti to ” Neutral” on May 24, 2016.

America’s Car-Mart Inc. is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries America’s Car Mart Inc. an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance Inc. an Arkansas corporation (Colonial) (Collectively Car-Mart of Arkansas and Colonial are referred to as Car-Mart). The Company primarily sells older model used vehicles and provides financing for all of its customers. As of April 30 2015 the Company operated 141 dealerships located primarily in small cities throughout the South-Central United States. It purchases vehicles primarily from wholesalers new car dealers individuals and auctions. It also sells a number of trucks and sport utility vehicles. It focuses on providing basic transportation to its customers. It does not purchase sports cars or luxury cars.

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