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

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 trading volume of 110,600 shares, the days-to-cover ratio is currently 8.4 days.

America’s Car-Mart Stock Performance

NASDAQ CRMT opened at $48.69 on Friday. America’s Car-Mart has a 1 year low of $37.98 and a 1 year high of $74.10. The stock’s 50-day moving average price is $49.86 and its two-hundred day moving average price is $50.61.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, January 24th.

Institutional Investors Weigh In On America’s Car-Mart

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in America’s Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock valued at $3,085,000 after purchasing an additional 57,304 shares during the period. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 2,807 shares in the last quarter. PDT Partners LLC purchased a new stake in America’s Car-Mart in the 3rd quarter worth about $974,000. Argent Capital Management LLC purchased a new stake in America’s Car-Mart in the 4th quarter worth about $315,000. Finally, Portolan Capital Management LLC acquired a new stake in America’s Car-Mart during the 3rd quarter worth about $3,197,000. Hedge funds and other 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.