Were Analysts Bearish Copart, Inc. (NASDAQ:CPRT) This Week?

November 10, 2018 - By Richard Conner

Copart, Inc. (NASDAQ:CPRT) LogoInvestors sentiment increased to 1.31 in Q2 2018. Its up 0.32, from 0.99 in 2018Q1. It improved, as 24 investors sold Copart, Inc. shares while 132 reduced holdings. 81 funds opened positions while 123 raised stakes. 174.51 million shares or 0.98% more from 172.82 million shares in 2018Q1 were reported.
Walleye Trading Lc holds 0% in Copart, Inc. (NASDAQ:CPRT) or 12,608 shares. Moreover, Avenir Corp has 1.13% invested in Copart, Inc. (NASDAQ:CPRT) for 175,010 shares. Sumitomo Mitsui Tru holds 652,146 shares or 0.04% of its portfolio. Cleararc Cap stated it has 5,188 shares or 0.04% of all its holdings. Cookson Peirce Com has 0.03% invested in Copart, Inc. (NASDAQ:CPRT) for 6,154 shares. Frontier Investment Mgmt Co has invested 0.04% in Copart, Inc. (NASDAQ:CPRT). State Of Alaska Department Of Revenue has invested 0.05% in Copart, Inc. (NASDAQ:CPRT). Lifeplan Grp holds 225 shares or 0.01% of its portfolio. Northern Tru Corp has invested 0.03% in Copart, Inc. (NASDAQ:CPRT). Parametric Assoc Ltd Llc reported 538,000 shares or 0.03% of all its holdings. Mufg Americas Holdings reported 0% stake. Employees Retirement Sys Of Texas owns 145,000 shares. Massachusetts Financial Service Co Ma invested 0.03% of its portfolio in Copart, Inc. (NASDAQ:CPRT). Ameriprise Fincl stated it has 2.30 million shares or 0.06% of all its holdings. Natixis L P stated it has 39,691 shares or 0.02% of all its holdings.

Since June 11, 2018, it had 0 buys, and 5 sales for $31.69 million activity. $1.75 million worth of stock was sold by Liaw Jeffrey on Monday, June 18. On Monday, June 11 TRYFOROS THOMAS N sold $8.05M worth of Copart, Inc. (NASDAQ:CPRT) or 140,000 shares. ADAIR A JAYSON had sold 200,000 shares worth $11.49 million on Monday, June 11. The insider FRANKLIN WILLIAM E sold 100,000 shares worth $5.75M.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 3 analysts covering Copart (NASDAQ:CPRT), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Copart had 3 analyst reports since May 18, 2018 according to SRatingsIntel. The company was downgraded on Friday, September 21 by JP Morgan. The firm has “Equal-Weight” rating given on Friday, May 18 by Stephens. The rating was upgraded by Gabelli on Thursday, September 20 to “Buy”. Below is a list of Copart, Inc. (NASDAQ:CPRT) latest ratings and price target changes.

21/09/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Old Target: $48 New Target: $47 Downgrade
20/09/2018 Broker: Gabelli Old Rating: Hold New Rating: Buy Upgrade
18/05/2018 Broker: Stephens Old Rating: Overweight New Rating: Equal-Weight Downgrade

The stock decreased 0.34% or $0.17 during the last trading session, reaching $50.27. About 1.38 million shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 104.63% since November 10, 2017 and is uptrending. It has outperformed by 89.01% the S&P500.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $11.76 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 29.06 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.

More news for Copart, Inc. (NASDAQ:CPRT) were recently published by: Seekingalpha.com, which released: “Copart’s Fall: Big Overreaction, Big Opportunity” on October 29, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind MRC Global, Exact Sciences, Owens-Illinois, Copart, Cognizant …” and published on November 05, 2018 is yet another important article.

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

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