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

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 800,100 shares, a decrease of 6.1% from the November 15th total of 852,200 shares. Based on an average daily trading volume, of 133,700 shares, the short-interest ratio is presently 6.0 days.

Analyst Upgrades and Downgrades

CRMT has been the topic of several recent research reports. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. StockNews.com raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock traded down $0.85 during midday trading on Tuesday, hitting $55.17. The company had a trading volume of 66,308 shares, compared to its average volume of 104,946. The stock has a market capitalization of $455.32 million, a P/E ratio of -67.27, a P/E/G ratio of 3.13 and a beta of 1.68. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $83.07. The company has a 50 day moving average of $44.53 and a 200 day moving average of $53.13.

Insider Activity at America’s Car-Mart

In other news, major shareholder Adam K. Peterson purchased 813,953 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the transaction, the insider now owns 1,582,363 shares in the company, valued at $68,041,609. The trade was a 105.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joshua G. Welch bought 23,255 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $43.00 per share, with a total value of $999,965.00. Following the transaction, the director now owns 148,955 shares in the company, valued at approximately $6,405,065. This represents a 18.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 19.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake 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 purchasing an additional 2,807 shares during the last quarter. State Street Corp increased 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. Point72 DIFC Ltd purchased a new stake in America’s Car-Mart during the 3rd quarter valued at about $40,000. Point72 Asset Management L.P. increased its position in shares of America’s Car-Mart by 290.9% during the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Portolan Capital Management LLC purchased a new stake in shares of America’s Car-Mart during the third quarter worth $3,197,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

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.