In This Article:
River Oaks Capital, an investment management company, released its fourth-quarter investor letter. A copy of the letter can be downloaded here. For the one year period, the fund returned 23.9% compared to the Russell 2000 TR’s 11.5% return and the Russell Microcap TR’s 13.7% return. In addition, please check the fund’s top five holdings to know its best picks in 2024.
In its fourth quarter 2024 investor letter, River Oaks Capital emphasized stocks such as America’s Car-Mart, Inc. (NASDAQ:CRMT). America’s Car-Mart, Inc. (NASDAQ:CRMT) is an automotive retailer for the used car market. The one-month return of America’s Car-Mart, Inc. (NASDAQ:CRMT) was -8.00%, and its shares lost 28.92% of their value over the last 52 weeks. On February 20, 2025, America’s Car-Mart, Inc. (NASDAQ:CRMT) stock closed at $47.24 per share with a market capitalization of $377.97 million.
River Oaks Capital stated the following regarding America’s Car-Mart, Inc. (NASDAQ:CRMT) in its Q4 2024 investor letter:
"America’s Car-Mart, Inc. (NASDAQ:CRMT) is a deep subprime auto lender with 155 car dealership locations. It is our seventh largest position in the fund and now has a $400m market cap.
A used vehicle being serviced by a mechanic, all the parts to keep it running optimally seen in the background.
America’s Car-Mart, Inc. (NASDAQ:CRMT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held America’s Car-Mart, Inc. (NASDAQ:CRMT) at the end of the fourth quarter compared to 25 in the third quarter. While we acknowledge the potential of America’s Car-Mart, Inc. (NASDAQ:CRMT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.