Short Interest in America’s Car-Mart, Inc. (NASDAQ:CRMT) Decreases By 7.9%

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 902,000 shares, a decrease of 7.9% from the July 15th total of 979,000 shares. Approximately 15.8% of the shares of the company are sold short. Based on an average trading volume of 73,600 shares, the days-to-cover ratio is presently 12.3 days.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. BTIG Research assumed coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $66.00.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson acquired 26,410 shares of the stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of $57.74 per share, for a total transaction of $1,524,913.40. Following the purchase, the insider now directly owns 768,410 shares of the company’s stock, valued at $44,367,993.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.10% of the company’s stock.

Institutional Trading of America’s Car-Mart

Institutional investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in America’s Car-Mart in the fourth quarter valued at about $48,000. EntryPoint Capital LLC bought a new stake in shares of America’s Car-Mart during the 1st quarter worth approximately $178,000. Louisiana State Employees Retirement System acquired a new stake in shares of America’s Car-Mart during the 4th quarter worth approximately $220,000. Hsbc Holdings PLC bought a new position in America’s Car-Mart in the second quarter valued at approximately $221,000. Finally, Bayesian Capital Management LP bought a new position in America’s Car-Mart in the first quarter valued at approximately $240,000. 89.10% of the stock is currently owned by institutional investors.

America’s Car-Mart Stock Down 2.3 %

Shares of NASDAQ:CRMT opened at $59.46 on Wednesday. America’s Car-Mart has a 12-month low of $55.00 and a 12-month high of $113.72. The business has a 50 day moving average of $62.26 and a 200-day moving average of $61.99. The stock has a market cap of $380.07 million, a PE ratio of -12.01, a P/E/G ratio of 0.76 and a beta of 1.69.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $364.67 million during the quarter, compared to the consensus estimate of $361.48 million. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. Equities research analysts expect that America’s Car-Mart will post 2.14 earnings per share for the current year.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.