America’s Car-Mart, Inc. (NASDAQ:CRMT) Short Interest Down 6.5% in August

America’s Car-Mart, Inc. (NASDAQ:CRMT) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 809,700 shares, a drop of 6.5% from the August 15th total of 866,200 shares. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is currently 9.3 days. Approximately 14.2% of the shares of the stock are short sold.

Institutional Trading of America’s Car-Mart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in America’s Car-Mart during the 4th quarter worth approximately $48,000. EntryPoint Capital LLC bought a new stake in America’s Car-Mart during the 1st quarter worth approximately $178,000. Hsbc Holdings PLC bought a new stake in America’s Car-Mart during the 2nd quarter worth approximately $221,000. Bayesian Capital Management LP bought a new stake in America’s Car-Mart during the 1st quarter worth approximately $240,000. Finally, Argent Capital Management LLC bought a new stake in America’s Car-Mart during the 2nd quarter worth approximately $231,000. 89.10% of the stock is owned by institutional investors.

America’s Car-Mart Trading Up 0.1 %

America’s Car-Mart stock traded up $0.04 during midday trading on Wednesday, reaching $49.31. The stock had a trading volume of 3,183 shares, compared to its average volume of 93,684. America’s Car-Mart has a 12 month low of $45.40 and a 12 month high of $93.63. The company has a market capitalization of $315.19 million, a P/E ratio of -9.95, a PEG ratio of 0.77 and a beta of 1.68. The company has a fifty day moving average price of $60.39 and a two-hundred day moving average price of $60.71.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). The firm had revenue of $347.76 million during the quarter, compared to the consensus estimate of $338.78 million. America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts predict that America’s Car-Mart will post 1.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRMT. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. BTIG Research assumed coverage on America’s Car-Mart in a report on Friday, June 7th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.