Short Interest in America's Car-Mart, Inc. (NASDAQ:CRMT) Decreases By 8.3%

() saw a significant drop in short interest for the month of may. On May 15th there were 834,100 shorted shares. This is a decrease of 8.3% compared to the total of 910,000 on April 30th. The short-interest rate is currently 10.5 days based on an average daily volume of 79.200 shares. About 14.4% of a company's shares are short-sold.

America's Car-Mart Trading down 7.7 %

Trading hours were held on Wednesday. The stock fell $6.81 to $81.53. The company's shares were traded at a volume of 83,703 compared to the average of 81 414. America's Car-Mart had a low for the past year of $52.24 as well as a high for the last year of $127.05. Stock has a $519.35 market cap, a PE of 27.48, and a beta value of 1.42. The company released its last earnings report on Wednesday, 24th May. The company's $0.32 per share earnings for the quarter fell short of the consensus estimate ($1.13) by $0.81. America's Car-Mart reported a return of equity of 4.06%, and a net profit margin of 1.42%. Revenue for the quarter was $388.30 millions, which is higher than analysts' expectations. In the same quarter of the previous year, the company posted $4.01 in earnings per share. Revenue for the firm was up 12.1% year-over-year. Analysts expect America's Car-Mart to post an average of 4.96 EPS in the current fiscal year.

Wall Street analysts forecast growth

In a report published on Thursday 18th May, the research team covered America's Car-Mart. The company was given a rating of'sell'.

Insider Transactions At America's Car-Mart

Adam K. Peterson, a major shareholder, bought 384 shares in the firm on May 24th. Stock was purchased at an average of $79.50 a share for a total of $30,528.00. After the transaction was completed, the insider owns directly 725,884 of the company's shares, worth approximately $57.707,778. Insiders hold 11.80% of company stock.

Institutional Investors weigh in on America's Car-Mart

CRMT has seen a recent change in the positions of a number of large investors. Magnolia Group LLC increased its holdings of shares of America's Car-Mart during the fourth quarter by 24.6%. Magnolia Group LLC owns now 725,500 of the company’s stock valued at $52,425,000, after buying an additional 143 2,209 shares. FMR LLC increased its stake in America’s Car-Mart during the first quarter by 11.3%. Now owns 83.553 shares valued at $5.098,000, after adding 64.719 more shares in the last quarter. Franklin Resources Inc. increased their stake in America's Car-Mart shares by 776.7% during the first quarter. Franklin Resources Inc. owns 49.203 shares worth $3.897,000, after adding 43.591 additional shares. Portolan Capital Management LLC also purchased shares of America's Car-Mart in the first quarter for $3,361,000. Hedge funds and institutional investors own 81.16%.

America's Car-Mart Company Overview

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America's Car-Mart, Inc. is a company that sells older models of used cars and provides financing to its customers in the United States. It has dealerships located in the South-Central United States. Bill Fleeman founded the company in 1981. It is headquartered at Rogers, AR.

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