Short Interest in America’s Car-Mart, Inc. (NASDAQ:CRMT) Expands By 14.8%

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 934,300 shares, a growth of 14.8% from the December 31st total of 813,800 shares. Based on an average daily volume of 110,600 shares, the days-to-cover ratio is currently 8.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its holdings in America’s Car-Mart by 39.2% in the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after acquiring an additional 91,256 shares during the last quarter. State Street Corp lifted its stake in shares of America’s Car-Mart by 1.0% during the third quarter. State Street Corp now owns 180,055 shares of the company’s stock worth $7,548,000 after purchasing an additional 1,810 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of America’s Car-Mart by 2.0% during the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after purchasing an additional 2,807 shares in the last quarter. Portolan Capital Management LLC acquired a new position in shares of America’s Car-Mart during the third quarter worth about $3,197,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after purchasing an additional 57,304 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Trading Down 2.8 %

Shares of America’s Car-Mart stock opened at $48.69 on Monday. America’s Car-Mart has a twelve month low of $37.98 and a twelve month high of $74.10. The stock has a market capitalization of $401.84 million, a P/E ratio of -59.38, a PEG ratio of 1.47 and a beta of 1.64. The business’s fifty day moving average price is $49.94 and its 200 day moving average price is $50.34.

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.