America’s Car-Mart, Inc. (NASDAQ:CRMT) Short Interest Update

America’s Car-Mart, Inc. (NASDAQ:CRMT) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 1,035,544 shares, a decline of 37.1% from the December 15th total of 1,645,584 shares. Based on an average daily trading volume, of 221,138 shares, the days-to-cover ratio is currently 4.7 days. Currently, 15.3% of the shares of the stock are short sold. Currently, 15.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 221,138 shares, the days-to-cover ratio is currently 4.7 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of America’s Car-Mart in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $45.00.

America’s Car-Mart Stock Performance

Shares of CRMT traded down $0.04 during mid-day trading on Friday, hitting $28.21. The company’s stock had a trading volume of 82,707 shares, compared to its average volume of 137,238. America’s Car-Mart has a one year low of $17.78 and a one year high of $62.72. The stock’s 50-day moving average is $24.13 and its two-hundred day moving average is $33.93. The firm has a market capitalization of $234.00 million, a PE ratio of -15.94 and a beta of 1.12.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, December 4th. The company reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($1.39). America’s Car-Mart had a positive return on equity of 0.28% and a negative net margin of 1.04%.The business had revenue of $350.19 million for the quarter, compared to analyst estimates of $344.84 million. Analysts expect that America’s Car-Mart will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On America’s Car-Mart

A number of institutional investors and hedge funds have recently bought and sold shares of CRMT. Jones Financial Companies Lllp raised its stake in shares of America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after buying an additional 990 shares during the last quarter. Aquatic Capital Management LLC raised its position in shares of America’s Car-Mart by 48.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock valued at $108,000 after acquiring an additional 1,203 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of America’s Car-Mart by 264.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after acquiring an additional 1,747 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of America’s Car-Mart in the 3rd quarter valued at $137,000. Finally, AlphaQuest LLC boosted its position in shares of America’s Car-Mart by 35.5% in the 2nd quarter. AlphaQuest LLC now owns 2,705 shares of the company’s stock worth $152,000 after purchasing an additional 708 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.