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

America’s Car-Mart, Inc. (NASDAQ:CRMT) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 934,300 shares, an increase of 14.8% from the December 15th total of 813,800 shares. Based on an average daily volume of 110,600 shares, the short-interest ratio is currently 8.4 days.

America’s Car-Mart Price Performance

Shares of NASDAQ:CRMT traded up $0.73 during trading on Friday, hitting $46.23. The company’s stock had a trading volume of 118,438 shares, compared to its average volume of 97,484. The firm has a market cap of $381.40 million, a price-to-earnings ratio of -56.38, a P/E/G ratio of 2.53 and a beta of 1.64. The company has a 50-day moving average of $48.66 and a 200-day moving average of $51.27. America’s Car-Mart has a 12 month low of $37.98 and a 12 month high of $74.10.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Deerfield Management Company L.P. Series C raised its stake in shares of America’s Car-Mart by 459.9% in the second quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company’s stock worth $1,341,000 after buying an additional 18,290 shares during the period. American Century Companies Inc. raised its stake in America’s Car-Mart by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after acquiring an additional 905 shares during the period. Geode Capital Management LLC lifted its holdings in America’s Car-Mart by 2.0% during the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after purchasing an additional 2,807 shares in the last quarter. PDT Partners LLC bought a new position in shares of America’s Car-Mart in the third quarter worth approximately $974,000. Finally, Argent Capital Management LLC purchased a new stake in shares of America’s Car-Mart in the fourth quarter worth $315,000. 89.10% of the stock is currently owned by institutional investors.

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.

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.