America’s Car-Mart, Inc. (NASDAQ:CRMT) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 299,900 shares, a decline of 11.2% from the June 30th total of 337,600 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average daily volume of 117,200 shares, the days-to-cover ratio is presently 2.6 days.

In other America’s Car-Mart news, Director William H. Henderson sold 1,500 shares of America’s Car-Mart stock in a transaction on Monday, July 1st. The shares were sold at an average price of $86.11, for a total transaction of $129,165.00. Following the completion of the transaction, the director now directly owns 112,515 shares of the company’s stock, valued at $9,688,666.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William H. Henderson sold 4,000 shares of America’s Car-Mart stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $86.08, for a total transaction of $344,320.00. Following the transaction, the director now directly owns 122,830 shares of the company’s stock, valued at $10,573,206.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,500 shares of company stock valued at $1,078,285. Company insiders own 10.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in CRMT. WCM Investment Management LLC boosted its position in shares of America’s Car-Mart by 66.2% in the first quarter. WCM Investment Management LLC now owns 304,215 shares of the company’s stock valued at $27,787,000 after acquiring an additional 121,123 shares during the period. Marshall Wace LLP boosted its position in shares of America’s Car-Mart by 159.6% in the second quarter. Marshall Wace LLP now owns 104,366 shares of the company’s stock valued at $8,984,000 after acquiring an additional 64,166 shares during the period. Acadian Asset Management LLC boosted its position in shares of America’s Car-Mart by 51.2% in the second quarter. Acadian Asset Management LLC now owns 141,118 shares of the company’s stock valued at $12,144,000 after acquiring an additional 47,782 shares during the period. Bogle Investment Management L P DE bought a new stake in shares of America’s Car-Mart in the second quarter valued at about $3,695,000. Finally, Citadel Advisors LLC boosted its position in shares of America’s Car-Mart by 64.2% in the second quarter. Citadel Advisors LLC now owns 100,380 shares of the company’s stock valued at $8,641,000 after acquiring an additional 39,231 shares during the period. 73.11% of the stock is owned by institutional investors.

CRMT has been the subject of a number of research analyst reports. ValuEngine raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Buckingham Research set a $107.00 price objective on shares of America’s Car-Mart and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. BidaskClub raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $97.50.

Shares of America’s Car-Mart stock traded up $2.12 during trading on Thursday, reaching $90.97. The company’s stock had a trading volume of 195,286 shares, compared to its average volume of 107,444. The business’s 50-day moving average price is $87.30 and its 200-day moving average price is $87.63. The firm has a market cap of $593.52 million, a PE ratio of 14.10, a P/E/G ratio of 1.75 and a beta of 0.92. America’s Car-Mart has a 52 week low of $65.10 and a 52 week high of $104.05.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, May 21st. The company reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.24. The company had revenue of $176.88 million during the quarter, compared to analysts’ expectations of $187.85 million. America’s Car-Mart had a net margin of 7.12% and a return on equity of 19.10%. On average, equities analysts forecast that America’s Car-Mart will post 7.25 EPS for the current year.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

Further Reading: Sell-Side Analysts

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