Copart Inc (NASDAQ:CPRT) Just Reported Increased Shorts

April 24, 2018 - By Winifred Garcia

Copart, Inc. (NASDAQ:CPRT) Logo

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.06, from 1.13 in 2017Q3. It is positive, as 23 investors sold Copart, Inc. shares while 120 reduced holdings. 69 funds opened positions while 101 raised stakes. 170.87 million shares or 2.48% more from 166.73 million shares in 2017Q3 were reported.
New Amsterdam Partners Ny reported 65,092 shares. Neuberger Berman Group Ltd Company accumulated 0% or 59,285 shares. The New York-based Gotham Asset Management Ltd has invested 0.03% in Copart, Inc. (NASDAQ:CPRT). Jump Trading Ltd holds 0.03% in Copart, Inc. (NASDAQ:CPRT) or 5,669 shares. 138,355 are held by Federated Invsts Pa. Bnp Paribas Arbitrage Sa invested 0% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Veritable Lp has 7,199 shares for 0.01% of their portfolio. Hightower Advisors holds 44,866 shares or 0.02% of its portfolio. Zebra Mgmt Limited Liability Co holds 0.49% or 33,176 shares in its portfolio. Thrivent Fincl For Lutherans holds 43,871 shares or 0.01% of its portfolio. National Bank Of America De has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Paloma Partners holds 0.02% or 39,122 shares in its portfolio. Etrade Mngmt Limited Co holds 11,605 shares or 0.02% of its portfolio. Nuveen Asset Mngmt Limited Liability reported 0% in Copart, Inc. (NASDAQ:CPRT). Ngam Advisors Lp holds 0.02% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 41,663 shares.

Since January 2, 2018, it had 0 insider purchases, and 2 sales for $3.63 million activity. Shares for $2.95M were sold by Englander Daniel J on Tuesday, January 2.

The stock of Copart Inc (NASDAQ:CPRT) registered an increase of 16.17% in short interest. CPRT’s total short interest was 10.57 million shares in April as published by FINRA. Its up 16.17% from 9.09 million shares, reported previously. With 1.23 million shares average volume, it will take short sellers 9 days to cover their CPRT’s short positions. The short interest to Copart Inc’s float is 5.25%.

The stock decreased 0.92% or $0.48 during the last trading session, reaching $51.46. About 486,736 shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 61.05% since April 24, 2017 and is uptrending. It has outperformed by 49.50% the S&P500.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $11.94 billion. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners. It has a 36.21 P/E ratio. The companyÂ’s services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency processing, flexible vehicle processing programs, buy it now, member network, sales process, and dealer services.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 7 analysts covering Copart (NASDAQ:CPRT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Copart had 13 analyst reports since October 31, 2017 according to SRatingsIntel. Robert W. Baird maintained Copart, Inc. (NASDAQ:CPRT) on Monday, February 26 with “Buy” rating. The stock has “Hold” rating by Stephens on Tuesday, January 16. The rating was maintained by Jefferies on Monday, February 26 with “Hold”. Stephens maintained it with “Buy” rating and $54.0 target in Tuesday, February 27 report. As per Wednesday, April 11, the company rating was maintained by Barrington. The firm has “Buy” rating by Robert W. Baird given on Friday, December 22. The stock of Copart, Inc. (NASDAQ:CPRT) has “Buy” rating given on Tuesday, October 31 by Robert W. Baird. The rating was upgraded by Stephens to “Overweight” on Monday, February 12. The firm has “Buy” rating given on Wednesday, November 22 by Robert W. Baird.

Copart, Inc. (NASDAQ:CPRT) Institutional Positions Chart

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