America's Car-Mart, Inc. (NASDAQ:CRMT) Short Interest Down 6.1% in November

America's Car-Mart, Inc. (NASDAQ:CRMT - Get Free Report) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 800,100 shares, a drop of 6.1% from the November 15th total of 852,200 shares. Based on an average trading volume of 133,700 shares, the days-to-cover ratio is currently 6.0 days.

America's Car-Mart Stock Down 1.2 %

CRMT traded down $0.66 during trading on Tuesday, hitting $55.36. The company had a trading volume of 119,155 shares, compared to its average volume of 105,170. The company has a market capitalization of $456.89 million, a PE ratio of -67.27, a PEG ratio of 3.13 and a beta of 1.68. America's Car-Mart has a one year low of $37.98 and a one year high of $83.07. The firm's 50-day moving average price is $44.53 and its 200 day moving average price is $53.13.

Analyst Upgrades and Downgrades

CRMT has been the subject of a number of recent analyst reports. Stephens upgraded America's Car-Mart from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. StockNews.com raised shares of America's Car-Mart from a "sell" rating to a "hold" rating in a research note on Friday, August 23rd.

Insider Buying and Selling at America's Car-Mart

In related news, Director Joshua G. Welch acquired 23,255 shares of the stock in a transaction on Thursday, September 19th. The stock was purchased at an average price of $43.00 per share, for a total transaction of $999,965.00. Following the transaction, the director now owns 148,955 shares of the company's stock, valued at $6,405,065. The trade was a 18.50 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were bought at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the purchase, the insider now directly owns 1,582,363 shares of the company's stock, valued at $68,041,609. The trade was a 105.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 19.60% of the company's stock.

Institutional Investors Weigh In On America's Car-Mart

Institutional investors have recently bought and sold shares of the company. Magnolia Group LLC grew its holdings in America's Car-Mart by 6.7% during the second quarter. Magnolia Group LLC now owns 768,410 shares of the company's stock worth $46,266,000 after purchasing an additional 48,460 shares during the period. WCM Investment Management LLC increased its holdings in shares of America's Car-Mart by 4.2% during the 3rd quarter. WCM Investment Management LLC now owns 232,835 shares of the company's stock worth $10,107,000 after acquiring an additional 9,326 shares during the last quarter. State Street Corp raised its stake in America's Car-Mart by 1.0% in the 3rd quarter. State Street Corp now owns 180,055 shares of the company's stock valued at $7,548,000 after acquiring an additional 1,810 shares during the period. Geode Capital Management LLC lifted its holdings in America's Car-Mart by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company's stock valued at $5,896,000 after purchasing an additional 2,807 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new position in America's Car-Mart during the third quarter worth $3,197,000. 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.