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

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the target of a significant growth in short interest in the month of 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 daily trading volume, of 110,600 shares, the short-interest ratio is presently 8.4 days.

Hedge Funds Weigh In On America’s Car-Mart

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of America’s Car-Mart by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock valued at $1,559,000 after buying an additional 1,963 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of America’s Car-Mart by 4.0% during the second quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock valued at $602,000 after buying an additional 381 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of America’s Car-Mart by 12.1% during the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock valued at $504,000 after buying an additional 905 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of America’s Car-Mart during the second quarter valued at $221,000. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of America’s Car-Mart during the second quarter valued at $1,449,000. 89.10% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Trading Up 1.6 %

Shares of CRMT stock traded up $0.73 during trading hours on Friday, reaching $46.23. 118,438 shares of the company’s stock were exchanged, compared to its average volume of 97,484. The stock’s 50 day moving average is $48.66 and its 200-day moving average is $51.27. The company has a market cap of $381.40 million, a price-to-earnings ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64. America’s Car-Mart has a fifty-two week low of $37.98 and a fifty-two week high of $74.10.

Wall Street Analyst Weigh In

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

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.