The stock of Americas Car Mart Incorporated (NASDAQ:CRMT) registered an increase of 15.57% in short interest. CRMT’s total short interest was 824,700 shares in March as published by FINRA. Its up 15.57% from 713,600 shares, reported previously. With 75,100 shares average volume, it will take short sellers 11 days to cover their CRMT’s short positions. The short interest to Americas Car Mart Incorporated’s float is 10.48%. The stock increased 3.98% or $1.01 during the last trading session, hitting $26.37. About 49,191 shares traded hands. America’s Car-Mart, Inc. (NASDAQ:CRMT) has declined 41.63% since July 28, 2015 and is downtrending. It has underperformed by 36.53% the S&P500.
America’s Car-Mart, Inc. is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market. The company has a market cap of $218.73 million. The Firm conducts its activities through its two operating subsidiaries, America’s Car Mart, Inc., an Arkansas corporation , and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). It has 12.63 P/E ratio. The Firm primarily sells older model used vehicles and provides financing for all of its customers.
The institutional sentiment decreased to 0.81 in Q3 2015. Its down 0.28, from 1.09 in 2015Q2. The ratio dropped, as 12 funds sold all America’s Car-Mart, Inc. shares owned while 31 reduced positions. 5 funds bought stakes while 30 increased positions. They now own 13.60 million shares or 108.49% more from 6.52 million shares in 2015Q2.
Bares Capital Management Inc. holds 4.18% of its portfolio in America’s Car-Mart, Inc. for 1.27 million shares. Zpr Investment Management owns 49,540 shares or 2% of their US portfolio. Moreover, Kestrel Investment Management Corp has 0.61% invested in the company for 52,635 shares. The Minnesota-based Arbor Capital Management Llc has invested 0.57% in the stock. Horrell Capital Management Inc., a Arkansas-based fund reported 26,598 shares.
Since March 11, 2015, the stock had 0 buys, and 3 selling transactions for $68,633 net activity. Hight Eddie L sold 500 shares worth $17,584. Henderson William H sold 3,500 shares worth $178,185. Simmons John David sold 2,750 shares worth $145,750.
Out of 4 analysts covering America's Car-Mart (NASDAQ:CRMT), 0 rate it “Buy”, 1 “Sell”, while 4 “Hold”. This means 0% are positive. America's Car-Mart was the topic in 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. CL King downgraded the stock on November 20 to “Neutral” rating.
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