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

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 934,300 shares, a growth of 14.8% from the December 15th total of 813,800 shares. Based on an average trading volume of 110,600 shares, the short-interest ratio is presently 8.4 days.

Institutional Trading of America’s Car-Mart

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC boosted its stake in America’s Car-Mart by 4.2% during the 3rd quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock valued at $10,107,000 after purchasing an additional 9,326 shares during the last quarter. State Street Corp grew its position 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 valued at $7,548,000 after purchasing an additional 1,810 shares in the last quarter. Geode Capital Management LLC grew its position in America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after acquiring an additional 2,807 shares in the last quarter. Portolan Capital Management LLC purchased a new position in America’s Car-Mart in the third quarter worth about $3,197,000. Finally, JPMorgan Chase & Co. grew its position in America’s Car-Mart by 351.6% in the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after acquiring an additional 57,304 shares in the last quarter. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock traded up $0.73 during midday trading on Friday, hitting $46.23. The company had a trading volume of 118,438 shares, compared to its average volume of 97,484. The stock has a market capitalization of $381.40 million, a P/E ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64. The company has a 50 day moving average of $48.66 and a 200 day moving average of $51.27. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $74.10.

America’s Car-Mart Company Profile

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.