America’s Car-Mart, Inc. (NASDAQ:CRMT) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) by 89.2% during the third quarter, Holdings Channel.com reports. The fund owned 5,254 shares of the company’s stock after selling 43,555 shares during the period. Franklin Resources Inc.’s holdings in America’s Car-Mart were worth $220,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in America’s Car-Mart by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,963 shares in the last quarter. Rhumbline Advisers grew its holdings in America’s Car-Mart by 4.0% during the second quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock worth $602,000 after acquiring an additional 381 shares during the period. Foster & Motley Inc. raised its position in America’s Car-Mart by 20.3% in the second quarter. Foster & Motley Inc. now owns 6,525 shares of the company’s stock worth $393,000 after acquiring an additional 1,100 shares in the last quarter. Magnolia Group LLC lifted its holdings in America’s Car-Mart by 6.7% in the 2nd quarter. Magnolia Group LLC now owns 768,410 shares of the company’s stock valued at $46,266,000 after acquiring an additional 48,460 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of America’s Car-Mart by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock valued at $504,000 after purchasing an additional 905 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Stock Up 0.2 %

NASDAQ:CRMT opened at $51.25 on Thursday. The stock has a fifty day simple moving average of $47.12 and a 200 day simple moving average of $52.43. The firm has a market capitalization of $422.97 million, a price-to-earnings ratio of -62.50, a price-to-earnings-growth ratio of 3.13 and a beta of 1.68. America’s Car-Mart, Inc. has a 1-year low of $37.98 and a 1-year high of $74.10.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 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.