Institutional Investor Sentiment About Copart Inc (NASDAQ:CPRT) Improved

October 2, 2018 - By Marie Mckinney

Copart, Inc. (NASDAQ:CPRT) Logo

Sentiment for Copart Inc (NASDAQ:CPRT)

Copart Inc (NASDAQ:CPRT) institutional sentiment increased to 1.31 in 2018 Q2. Its up 0.32, from 0.99 in 2018Q1. The ratio is positive, as 204 active investment managers increased or started new positions, while 156 sold and reduced holdings in Copart Inc. The active investment managers in our partner’s database now have: 174.51 million shares, up from 172.82 million shares in 2018Q1. Also, the number of active investment managers holding Copart Inc in their top 10 positions decreased from 17 to 16 for a decrease of 1. Sold All: 24 Reduced: 132 Increased: 123 New Position: 81.

Copart, Inc. provides online auctions and vehicle remarketing services. The company has market cap of $12.23 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 30.42 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.

The stock increased 2.13% or $1.1 during the last trading session, reaching $52.63. About 3.67 million shares traded or 91.95% up from the average. Copart, Inc. (NASDAQ:CPRT) has risen 104.63% since October 2, 2017 and is uptrending. It has outperformed by 89.01% the S&P500.

Smith Thomas W holds 11.29% of its portfolio in Copart, Inc. for 303,376 shares. Robertson Opportunity Capital Llc owns 320,501 shares or 10.94% of their US portfolio. Moreover, Foundation Asset Management Lp has 9.83% invested in the company for 201,067 shares. The Rhode Island-based Weybosset Research & Management Llc has invested 8.9% in the stock. Mig Capital Llc, a California-based fund reported 1.00 million shares.

Since January 1, 0001, it had 0 buys, and 5 sales for $31.69 million activity.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Ratings analysis reveals 40% of Copart’s analysts are positive. Out of 5 Wall Street analysts rating Copart, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $47 while the high is $58. The stock’s average target of $52.50 is -0.25% below today’s ($52.63) share price. CPRT was included in 5 notes of analysts from April 11, 2018. The firm has “Underweight” rating given on Friday, September 21 by JP Morgan. On Thursday, September 20 the stock rating was upgraded by Gabelli to “Buy”. As per Friday, May 18, the company rating was downgraded by Stephens. The company was maintained on Wednesday, April 11 by Barrington.

More recent Copart, Inc. (NASDAQ:CPRT) news were published by: Benzinga.com which released: “Earnings Preview: Copart” on September 18, 2018. Also Seekingalpha.com published the news titled: “Copart: Buying The Post-Earnings Correction” on September 21, 2018. Benzinga.com‘s news article titled: “5 Stocks Primed To Fall Lower In The Coming Days” with publication date: September 19, 2018 was also an interesting one.

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

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