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

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the recipient of a significant 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 daily volume of 110,600 shares, the days-to-cover ratio is currently 8.4 days.

Wall Street Analyst Weigh In

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

America’s Car-Mart Stock Up 1.6 %

NASDAQ CRMT traded up $0.73 on Friday, reaching $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 PE ratio of -56.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.64. America’s Car-Mart has a 12 month low of $37.98 and a 12 month high of $74.10. The firm’s 50 day moving average price is $48.66 and its 200 day moving average price is $51.27.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new position in America’s Car-Mart during the 3rd quarter valued at approximately $40,000. Point72 Asset Management L.P. boosted its position in shares of America’s Car-Mart by 290.9% during the 3rd 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. Sentry Investment Management LLC purchased a new position in shares of America’s Car-Mart in the third quarter valued at $113,000. Hsbc Holdings PLC bought a new stake in America’s Car-Mart in the second quarter worth $221,000. Finally, Quest Partners LLC raised its stake in America’s Car-Mart by 3,215.7% during the third quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after purchasing an additional 6,367 shares in the last quarter. 89.10% of the stock is owned by institutional investors.

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.