Short Interest Worth Mentioning: What’s Propelling Copart DE (NASDAQ:CPRT) After Higher Shorts Reported?

November 30, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Mentioning: What’s Propelling Copart DE (NASDAQ:CPRT) After Higher Shorts Reported?

The stock of Copart DE (NASDAQ:CPRT) registered an increase of 0.98% in short interest. CPRT’s total short interest was 5.93M shares in November as published by FINRA. Its up 0.98% from 5.88 million shares, reported previously. With 668,900 shares average volume, it will take short sellers 9 days to cover their CPRT’s short positions. The short interest to Copart DE’s float is 6.04%. The stock closed at $54.54 during the last session. It is down 27.58% since April 27, 2016 and is uptrending. It has outperformed by 22.35% the S&P500.

Copart, Inc. is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The company has a market cap of $6.27 billion. The Firm also provides vehicle remarketing services in Germany. It has a 16.9 P/E ratio. The Firm operates through two divisions: United States and International.

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.09, from 0.91 in 2016Q1. The ratio worsened, as 19 funds sold all Copart, Inc. shares owned while 123 reduced positions. 53 funds bought stakes while 76 increased positions. They now own 87.56 million shares or 2.15% less from 89.49 million shares in 2016Q1.
Prescott General Ptnrs Ltd Liability Co accumulated 1.21M shares or 3.87% of the stock. Destrier Mngmt Lc holds 72,400 shares or 2.37% of its portfolio. Liberty Mutual Gru Asset Mgmt Inc holds 0.08% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 44,243 shares. Endurance Wealth Inc reported 4,600 shares or 0.04% of all its holdings. Us Financial Bank De holds 0.22% or 1.21 million shares in its portfolio. Regions, a Alabama-based fund reported 39,337 shares. Fuller And Thaler Asset Mngmt Inc, a California-based fund reported 1.60M shares. Pictet Asset Mngmt Limited holds 0% or 19,600 shares in its portfolio. Washington Bancorp holds 0% or 52 shares in its portfolio. Blair William And Co Il accumulated 17,409 shares or 0.01% of the stock. Atria Ltd Limited Liability Company reported 5,577 shares or 0.03% of all its holdings. The New Jersey-based Round Table Ltd Llc has invested 0.28% in Copart, Inc. (NASDAQ:CPRT). Moreover, Arizona State Retirement Sys has 0.03% invested in Copart, Inc. (NASDAQ:CPRT) for 42,525 shares. Martingale Asset Mgmt Limited Partnership has 0.06% invested in the company for 71,326 shares. Henderson Grp Public Limited holds 532,939 shares or 0.22% of its portfolio.

Insider Transactions: Since September 22, 2016, the stock had 0 buys, and 7 insider sales for $36.24 million net activity. 200,000 shares were sold by MITZ VINCENT W, worth $10.65 million on Thursday, September 22. $5.29M worth of Copart, Inc. (NASDAQ:CPRT) shares were sold by FRANKLIN WILLIAM E. On Thursday, September 22 ADAIR A JAYSON sold $10.72 million worth of the stock or 200,000 shares. Shares for $3.47 million were sold by MEEKS JAMES E on Friday, October 14. Another trade for 65,000 shares valued at $3.48M was sold by Blunt Matt. 22,485 Copart, Inc. (NASDAQ:CPRT) shares with value of $1.21M were sold by Eldridge Sean.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Out of 8 analysts covering Copart (NASDAQ:CPRT), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Copart has been the topic of 12 analyst reports since January 15, 2016 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, September 22 by Jefferies. The firm has “Neutral” rating given on Friday, August 26 by Susquehanna. On Friday, May 27 the stock rating was maintained by JP Morgan with “Neutral”. Barrington Research downgraded the stock to “Mkt Perform” rating in Friday, September 23 report. Jefferies maintained the stock with “Hold” rating in Friday, May 27 report. Bank of America upgraded Copart, Inc. (NASDAQ:CPRT) rating on Friday, September 23. Bank of America has “Buy” rating and $63 price target. The firm has “Hold” rating given on Tuesday, April 5 by Gabelli. Bank of America downgraded Copart, Inc. (NASDAQ:CPRT) on Monday, March 21 to “Neutral” rating. The firm has “Hold” rating given on Monday, January 18 by Jefferies. The rating was upgraded by CL King to “Neutral” on Thursday, February 25.

CPRT Company Profile

Copart, Inc. (Copart), incorporated on January 6, 2012, is a well-known provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Firm also provides vehicle remarketing services in Germany. The Firm operates through two divisions: United States and International. The Firm provides vehicle sellers with a range of services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies, such as banks and financial institutions, charities, car dealerships, municipalities, fleet operators and vehicle rental companies. The Firm sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters and, at certain locations, to the general public.

More notable recent Copart, Inc. (NASDAQ:CPRT) news were published by: Fool.com which released: “Copart, Inc Keeps Investing in Growth, Buying Back Shares” on June 01, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Copart Inc., 66.7% Follow-Through Indicator, 4.0 …” published on November 21, 2016, Businesswire.com published: “Copart, Inc. to Webcast First Quarter Fiscal 2017 Results” on November 15, 2016. More interesting news about Copart, Inc. (NASDAQ:CPRT) were released by: Fool.com and their article: “Why Copart Inc. Stock Jumped Today” published on May 26, 2016 as well as Prnewswire.com‘s news article titled: “Copart Opens Location in Sun Valley, California, Hosting Location’s First …” with publication date: November 03, 2016.

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By Ellis Scott


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