Will Americas Car Mart Incorporated (NASDAQ:CRMT) Run Out of Steam Soon? Short Interest is Up

June 20, 2017 - By Migdalia James

 Will Americas Car Mart Incorporated (NASDAQ:CRMT) Run Out of Steam Soon? Short Interest is Up

Investors sentiment increased to 2.31 in Q4 2016. Its up 1.34, from 0.97 in 2016Q3. It is positive, as 8 investors sold America’s Car-Mart, Inc. shares while 18 reduced holdings. 29 funds opened positions while 31 raised stakes. 6.17 million shares or 3.21% less from 6.38 million shares in 2016Q3 were reported.
Alliancebernstein Lp reported 5,400 shares stake. Qs Investors Limited Liability stated it has 0% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Barrow Hanley Mewhinney Strauss invested in 0% or 37,576 shares. Nationwide Fund Advsrs stated it has 6,665 shares or 0% of all its holdings. Public Employees Retirement Association Of Colorado invested 0% of its portfolio in America’s Car-Mart, Inc. (NASDAQ:CRMT). 514,885 are held by Dimensional Fund Advsrs L P. The Ontario – Canada-based Royal Bancorporation Of Canada has invested 0% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Parametric Portfolio Associates Limited Co has 34,933 shares for 0% of their portfolio. Lba Wealth Mngmt Lc has invested 0.01% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Natl Bank Of Mellon invested 0% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Airain Ltd has invested 0.02% in America’s Car-Mart, Inc. (NASDAQ:CRMT). Clarivest Asset Mngmt Limited Liability Company holds 0% or 239 shares in its portfolio. Citadel Advisors Llc reported 18,006 shares. Voya Inv Management Limited Co holds 4,734 shares or 0% of its portfolio. Barclays Public Ltd stated it has 0% of its portfolio in America’s Car-Mart, Inc. (NASDAQ:CRMT).

Since January 9, 2017, it had 0 buys, and 4 sales for $1.22 million activity.

The stock of Americas Car Mart Incorporated (NASDAQ:CRMT) registered an increase of 2.23% in short interest. CRMT’s total short interest was 1.05 million shares in June as published by FINRA. Its up 2.23% from 1.03M shares, reported previously. With 51,900 shares average volume, it will take short sellers 20 days to cover their CRMT’s short positions. The short interest to Americas Car Mart Incorporated’s float is 14.95%.

The stock decreased 3.43% or $1.3 during the last trading session, reaching $36.6. About shares traded. America’s Car-Mart, Inc. (NASDAQ:CRMT) has risen 53.64% since June 20, 2016 and is uptrending. It has outperformed by 36.94% 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 market cap of $276.93 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 14.69 P/E ratio. It primarily sells older model used vehicles and provides financing for all of its customers.

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

Among 6 analysts covering America's Car-Mart (NASDAQ:CRMT), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. America's Car-Mart has $40 highest and $26 lowest target. $34.33’s average target is -6.20% below currents $36.6 stock price. America's Car-Mart had 9 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) has “Hold” rating given on Thursday, April 7 by Citigroup. The rating was maintained by Jefferies with “Hold” on Monday, August 24. The stock has “Hold” rating by Zacks on Tuesday, August 25. As per Monday, August 22, the company rating was maintained by Jefferies. The company was downgraded on Tuesday, May 24 by Sidoti. CL King downgraded America’s Car-Mart, Inc. (NASDAQ:CRMT) on Friday, November 20 to “Neutral” rating. The firm earned “Equal-Weight” rating on Tuesday, August 25 by Stephens. Sidoti initiated the stock with “Buy” rating in Tuesday, March 15 report. The rating was upgraded by Bank of America to “Buy” on Wednesday, October 19.

More notable recent America’s Car-Mart, Inc. (NASDAQ:CRMT) news were published by: Zacks.com which released: “Is America’s Car-Mart (CRMT) a Great Stock for Value Investors?” on June 12, 2017, also Gurufocus.com with their article: “America’s Car-Mart Inc (CRMT) Files 10-K for the Fiscal Year Ended on April 30 …” published on June 13, 2017, Globenewswire.com published: “America’s Car-Mart Reports Diluted Earnings per Share of $.35 on Revenues of …” on February 20, 2017. More interesting news about America’s Car-Mart, Inc. (NASDAQ:CRMT) were released by: Gurufocus.com and their article: “Magnolia Group, Llc Buys America’s Car-Mart Inc, Wells Fargo, Nicholas …” published on May 08, 2017 as well as Globenewswire.com‘s news article titled: “America’s Car-Mart, Inc. Schedules Release of Third Quarter 2017 Results and …” with publication date: February 02, 2017.

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