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Bares Capital Management Ups Position in America’s Car-Mart, Inc. (CRMT)

A new filing with the Securities and Exchange Commission revealed that Bares Capital Management increased their stake in America’s Car-Mart, Inc. (NASDAQ:CRMT) to a total of 949,986 shares, from 603,025 shares disclosed by the fund in its latest 13F. The fund led by Brian Bares currently holds 10.54% of the company’s common stock, the position being passive by nature. At the current stock price of America’s Car-Mart, the holding has a value of almost $39 million.

America's Car-Mart, Inc. (NASDAQ:CRMT)

For the second quarter of its fiscal 2014, America’s Car-Mart, Inc. (NASDAQ:CRMT) revealed a net income of $5.8 million, or $0.61 per share, which shows a decline from $0.76 per share in the same period of last year. The revenue of the company, however, went up to $121 million, from $110 million. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) returned just above 1.2% since the beginning of the year, sporting a P/E of 12.9. The company operates around 129 dealerships on the territory of the United States. During the fiscal 2014, America’s Car-Mart, Inc. (NASDAQ:CRMT) opened five new dealerships, the last being opened at the beginning of October.

Bares initiated the position in the company during the third quarter, and the recent increase shows that the fund is still bullish on America’s Car-Mart. Other investors that have been holding shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) is Chuck Royce‘s Royce & Associates, which revealed a $26.4 million stake, which amasses 584,400 shares. It is followed by Richard C. Patton‘s Courage Capital, which revealed ownership of 104,540 shares in its latest 13F, the value of the stake amounting to $4.7 million.

Earlier in November, Bares disclosed cutting significantly its position in American Public Education, Inc. (NASDAQ:APEI). The fund reduced its exposure to the company to around 31,000 shares, after holding 1.8 million shares at the end of September, and around 2.6 million shares at the end of the second quarter.

Disclosure: none

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