Wed Sep 25 07:51:20 UTC 2024: ## Institutional Investors Show Interest in America’s Car-Mart, Despite Recent Earnings Miss

**Rogers, Arkansas, September 25, 2024** – America’s Car-Mart, Inc. (NASDAQ:CRMT) saw increased activity from institutional investors in the second quarter, despite the company reporting a disappointing earnings miss in its latest report.

Rhumbline Advisers boosted its stake in the used car retailer by 4.0%, acquiring an additional 381 shares to bring its total holdings to 10,006 shares. Other notable moves included a 14.1% increase in holdings by Magnolia Group LLC and a 121.0% increase by BNP Paribas Financial Markets. Kings Path Partners LLC and Paloma Partners Management Co also made new investments in the company. In total, hedge funds and institutional investors now own 89.10% of America’s Car-Mart stock.

Despite the positive institutional interest, America’s Car-Mart’s stock price has struggled recently. The company reported earnings of ($0.15) per share for the quarter, falling short of analysts’ expectations of $0.66. Revenue also came in below estimates. This followed a disappointing performance in the previous year’s corresponding quarter, where earnings were $0.63 per share.

However, some investors remain optimistic about the company’s future. StockNews.com upgraded its rating on America’s Car-Mart from “sell” to “hold”, while BTIG Research initiated coverage with a “neutral” rating. Analysts are currently expecting the company to post earnings of 1.52 per share for the current year.

Meanwhile, insiders appear confident in the company’s prospects. Major shareholder Adam K. Peterson and Director Joshua G. Welch both recently purchased significant shares of America’s Car-Mart stock, demonstrating their belief in the company’s long-term potential.

America’s Car-Mart, founded in 1981, operates as a leading retailer of used vehicles and provides financing options to its customers. The company’s headquarters is located in Rogers, Arkansas.

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