America’s Car-Mart, Inc. (NASDAQ:CRMT) Short Interest Down 5.7% in June

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 938,400 shares, a decrease of 5.7% from the May 31st total of 995,200 shares. Approximately 16.4% of the company’s shares are sold short. Based on an average daily trading volume, of 73,100 shares, the short-interest ratio is presently 12.8 days.

America’s Car-Mart Stock Down 1.5 %

Shares of America’s Car-Mart stock traded down $0.88 during trading hours on Wednesday, hitting $59.63. 30,363 shares of the company’s stock traded hands, compared to its average volume of 97,484. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $127.96. The company has a market cap of $381.04 million, a PE ratio of -12.05, a PEG ratio of 2.57 and a beta of 1.70. The stock has a 50 day simple moving average of $60.87 and a 200-day simple moving average of $62.98.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Tuesday, June 18th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The firm had revenue of $364.67 million during the quarter, compared to the consensus estimate of $361.48 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. America’s Car-Mart’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts predict that America’s Car-Mart will post 2.68 EPS for the current year.

Insider Activity at America’s Car-Mart

In other America’s Car-Mart news, CEO Douglas W. Jr. Campbell bought 3,229 shares of America’s Car-Mart stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average cost of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the transaction, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of the stock in a transaction dated Monday, April 8th. The stock was bought at an average cost of $61.62 per share, with a total value of $198,970.98. Following the purchase, the chief executive officer now directly owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Adam K. Peterson bought 13,550 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average cost of $57.87 per share, for a total transaction of $784,138.50. Following the completion of the transaction, the insider now directly owns 742,000 shares in the company, valued at approximately $42,939,540. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 51,689 shares of company stock valued at $2,999,748. Company insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On America’s Car-Mart

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its position in America’s Car-Mart by 6.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the company’s stock valued at $277,000 after purchasing an additional 225 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of America’s Car-Mart during the 4th quarter valued at about $25,000. Graham Capital Management L.P. increased its holdings in America’s Car-Mart by 15.6% in the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock worth $258,000 after buying an additional 384 shares during the last quarter. Values First Advisors Inc. raised its position in America’s Car-Mart by 7.0% during the fourth quarter. Values First Advisors Inc. now owns 6,165 shares of the company’s stock valued at $467,000 after acquiring an additional 404 shares in the last quarter. Finally, BOKF NA lifted its stake in America’s Car-Mart by 1.9% in the first quarter. BOKF NA now owns 24,674 shares of the company’s stock valued at $1,546,000 after acquiring an additional 453 shares during the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com lowered shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Tuesday. BTIG Research started coverage on America’s Car-Mart in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Bank of America decreased their target price on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.00.

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.