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

America’s Car-Mart, Inc. (NASDAQ:CRMT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 934,300 shares, a growth of 14.8% from the December 31st 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.

Hedge Funds Weigh In On America’s Car-Mart

Large investors have recently bought and sold shares of the company. WCM Investment Management LLC grew its position in shares of America’s Car-Mart by 39.2% in the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after acquiring an additional 91,256 shares during the period. State Street Corp boosted its holdings in America’s Car-Mart by 1.0% in the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after purchasing an additional 1,810 shares during the period. Geode Capital Management LLC grew its holdings in shares of America’s Car-Mart by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock worth $5,896,000 after purchasing an additional 2,807 shares in the last quarter. Portolan Capital Management LLC acquired a new position in America’s Car-Mart during the third quarter valued at approximately $3,197,000. Finally, JPMorgan Chase & Co. raised its stake in America’s Car-Mart by 351.6% during the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after acquiring an additional 57,304 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CRMT has been the subject of a number of analyst reports. StockNews.com raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, January 24th. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

America’s Car-Mart Stock Performance

Shares of CRMT stock opened at $48.69 on Monday. The company has a market capitalization of $401.84 million, a P/E ratio of -59.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. America’s Car-Mart has a 52 week low of $37.98 and a 52 week high of $74.10. The company’s 50 day moving average price is $49.94 and its two-hundred day moving average price is $50.34.

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.