Investor now holds 10.54% of Car-Mart
Bares Capital Management Inc. has increased its stake in Bentonville-based America’s Car-Mart to 10.54 percent, according to filings made with the Securities and Exchange Commission on Tuesday.
The Austin-based investment-advisory firm focuses on managing concentrated portfolios of small-company common stock, according to its website.
Bares Capital Management held 603,025 shares, or 6.69 percent, of Car-Mart as of Sept. 30, but increased its holdings to 949,986, or 10.54 percent as of Nov. 30, according to SEC documents.
Car-Mart shares closed at $40.01, down 1 cent, in trading Wednesday on the Nasdaq exchange, which values Bares Capital Management’s holdings at $38,008,940. Shares of Car-Mart have traded as low as $36.47 and as high as $50.59 over the past year.
Car-Mart operates 129 dealerships in 10 states.
- John Magsam
Murphy Oil opens flexible-fuel station
Murphy Oil USA Inc.
opened its first E15 fuel station in Arkansas on Wednesday, El Dorado based company said.
The station, in El Dorado, will also offer E85 fuel along with gasoline and diesel, according to the news release. The ethanol blend fuels are at pumps with yellow nozzles.
E15 is fuel that is 15 percent ethanol and 85 percent gasoline. E85 is fuel that is 85 percent ethanol and 15 percent gasoline.
Both fuels can be used in flexible-fuel vehicles and E15 can also be used for cars made in 2001 and later.
The new store is Murphy Oil USA’s first station to offer E15 and second station to offer E85 nationwide, said Tammy Taylor, spokesman for the company.
Murphy Oil USA has 12,000 stations nationwide.
- Jessica Seaman
USA Truck up 4.4%, but index loses 2.80
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 2.80 to 326.21 Wednesday.
“U.S. stocks fell on Wednesday amid speculation over what the potential budget deal could mean to monetary policy going forward,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock.
Shares of USA Truck climbed 4.4 percent in below-average volume.
Murphy USA fell 3.4 percent on average volume.
Tyson Foods fell less than 1 percent after it was downgraded by the New York firm of Miller Tabak from a buy to a hold.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 28 on 12/12/2013