Short Interest Worth Mentioning: Could Americas Car Mart Incorporated (NASDAQ:CRMT) See a Reversal After More Sellers Came In?

November 25, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Mentioning: Could Americas Car Mart Incorporated (NASDAQ:CRMT) See a Reversal After More Sellers Came In?

The stock of Americas Car Mart Incorporated (NASDAQ:CRMT) registered an increase of 1.93% in short interest. CRMT’s total short interest was 787,900 shares in November as published by FINRA. Its up 1.93% from 773,000 shares, reported previously. With 69,000 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 10.54%. The stock closed at $43.3 during the last session. It is down 66.22% since April 22, 2016 and is uptrending. It has outperformed by 60.81% the S&P500.

America’s Car-Mart, Inc. is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The company has a market cap of $339.31 million. The Firm conducts its activities through its two operating subsidiaries, America’s Car Mart, Inc. and Colonial Auto Finance, Inc. (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). It has a 18.31 P/E ratio. It primarily sells older model used vehicles and provides financing for all of its customers.

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.36, from 0.61 in 2016Q1. The ratio increased, as 9 funds sold all America’s Car-Mart, Inc. shares owned while 27 reduced positions. 9 funds bought stakes while 13 increased positions. They now own 6.57 million shares or 6.67% less from 7.04 million shares in 2016Q1.
Reilly Finance Advisors Ltd holds 0% or 400 shares in its portfolio. Ny State Common Retirement Fund has 0% invested in the company for 10,800 shares. The California-based California Employees Retirement Systems has invested 0% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Counsel Inc last reported 61,658 shares in the company. First Bankshares Sioux Falls has invested 0.01% of its portfolio in America’s Car-Mart, Inc. (NASDAQ:CRMT). Blackrock reported 1,967 shares or 0% of all its holdings. Wcm Investment Mgmt Ca last reported 156,652 shares in the company. Wells Fargo & Mn holds 3,533 shares or 0% of its portfolio. Bares Capital Management Incorporated holds 1.29M shares or 2.6% of its portfolio. Jupiter Asset Mngmt Limited holds 228,443 shares or 0.25% of its portfolio. Bnp Paribas Arbitrage has 304 shares for 0% of their US portfolio. Eidelman Virant Cap has 24,700 shares for 0.43% of their US portfolio. Int Group, a New York-based fund reported 4,543 shares. Natl Bank Of Ny Mellon holds 0% or 46,311 shares in its portfolio. The Pennsylvania-based Vanguard has invested 0% in America’s Car-Mart, Inc. (NASDAQ:CRMT).

Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 10 sales for $2.96 million net activity. The insider SIMMONS JOHN DAVID sold $90,750. Another trade for 3,476 shares valued at $128,612 was made by HENDERSON WILLIAM H on Friday, September 23. Another trade for 5,000 shares valued at $200,000 was made by HIGHT EDDIE L on Wednesday, August 24.

America’s Car-Mart, Inc. (NASDAQ:CRMT) Ratings Coverage

Out of 6 analysts covering America's Car-Mart (NASDAQ:CRMT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. America's Car-Mart has been the topic of 9 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Wednesday, October 19, the company rating was upgraded by Bank of America. On Tuesday, August 25 the stock rating was maintained by Stephens with “Equal-Weight”. The company was downgraded on Friday, November 20 by CL King. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) earned “Neutral” rating by Sidoti on Tuesday, May 24. On Tuesday, March 15 the stock rating was initiated by Sidoti with “Buy”. The rating was maintained by Citigroup on Thursday, April 7 with “Hold”. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) earned “Hold” rating by Jefferies on Monday, August 22. Zacks downgraded America’s Car-Mart, Inc. (NASDAQ:CRMT) on Tuesday, August 25 to “Hold” rating. Jefferies maintained the shares of CRMT in a report on Monday, August 24 with “Hold” rating.

CRMT Company Profile

America’s Car-Mart, Inc., incorporated on August 23, 1989, is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Firm conducts its activities through its two operating subsidiaries, America’s Car Mart, Inc. (Car-Mart of Arkansas) and Colonial Auto Finance, Inc. (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). The Firm primarily sells older model used vehicles and provides financing for all of its customers. As of April 30, 2016, the Company operated 143 dealerships located primarily in small cities throughout the South-Central United States.

More news for America’s Car-Mart, Inc. (NASDAQ:CRMT) were recently published by: Quotes.Wsj.com, which released: “News America’s Car-Mart Inc.CRMT” on February 11, 2011. Finance.Yahoo.com‘s article titled: “Is a Surprise Coming for America’s Car-Mart (CRMT) This Earnings Season?” and published on November 16, 2016 is yet another important article.

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By Linda Rogers


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