America’s Car-Mart, Inc. (NASDAQ:CRMT) Sees Significant Decline in Short Interest

America’s Car-Mart, Inc. (NASDAQ:CRMT) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 800,100 shares, a decline 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 currently 6.0 days.

America’s Car-Mart Stock Performance

CRMT traded down $0.85 during midday trading on Tuesday, hitting $55.17. The stock had a trading volume of 66,308 shares, compared to its average volume of 104,946. The company has a market cap of $455.32 million, a P/E ratio of -67.27, a price-to-earnings-growth ratio of 3.13 and a beta of 1.68. The business has a fifty day moving average of $44.53 and a 200 day moving average of $53.13. America’s Car-Mart has a 1 year low of $37.98 and a 1 year high of $83.07.

Wall Street Analyst Weigh In

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

Insider Activity at America’s Car-Mart

In related news, Director Joshua G. Welch bought 23,255 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the completion of the purchase, the director now directly owns 148,955 shares in the company, valued at $6,405,065. The trade was a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the acquisition, the insider now directly owns 1,582,363 shares in the company, valued at $68,041,609. This trade represents a 105.93 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Deerfield Management Company L.P. Series C lifted its stake in shares of America’s Car-Mart by 459.9% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company’s stock worth $1,341,000 after acquiring an additional 18,290 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of America’s Car-Mart by 12.1% in the 2nd 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 in the last quarter. Argent Capital Management LLC acquired a new position in America’s Car-Mart in the 2nd quarter valued at about $231,000. PDT Partners LLC purchased a new position in shares of America’s Car-Mart during the 3rd quarter worth $974,000. Finally, Magnolia Group LLC boosted its holdings in America’s Car-Mart by 6.7% in the second quarter. Magnolia Group LLC now owns 768,410 shares of the company’s stock valued at $46,266,000 after purchasing an additional 48,460 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.

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.