Short Interest in America’s Car-Mart, Inc. (NASDAQ:CRMT) Declines By 37.1%

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRMT. Weiss Ratings restated a “sell (e+)” rating on shares of America’s Car-Mart in a research report on Monday, December 29th. Wall Street Zen cut America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.00.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently added to or reduced their stakes in CRMT. Vanguard Group Inc. increased its position in shares of America’s Car-Mart by 2.5% during the third quarter. Vanguard Group Inc. now owns 454,282 shares of the company’s stock worth $13,270,000 after acquiring an additional 11,002 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in America’s Car-Mart by 26.8% in the third quarter. Prescott Group Capital Management L.L.C. now owns 322,035 shares of the company’s stock worth $9,407,000 after purchasing an additional 67,999 shares in the last quarter. North Reef Capital Management LP grew its stake in America’s Car-Mart by 19.5% in the third quarter. North Reef Capital Management LP now owns 270,190 shares of the company’s stock worth $7,892,000 after purchasing an additional 44,145 shares in the last quarter. SG Capital Management LLC increased its holdings in America’s Car-Mart by 71.5% during the 2nd quarter. SG Capital Management LLC now owns 212,339 shares of the company’s stock worth $11,899,000 after purchasing an additional 88,554 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in America’s Car-Mart by 11.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after purchasing an additional 19,389 shares in the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

America’s Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $28.21 on Friday. America’s Car-Mart has a 1 year low of $17.78 and a 1 year high of $62.72. The firm has a 50-day simple moving average of $24.13 and a two-hundred day simple moving average of $34.11. The company has a market cap of $233.86 million, a P/E ratio of -15.94 and a beta of 1.12.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, December 4th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $344.84 million. As a group, equities research analysts expect that America’s Car-Mart will post 0.86 EPS for the current year.

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.