Copart Sees Unusually High Options Volume (NASDAQ:CPRT)

Mae Love
December 7, 2017

Of those transactions, there were 0 shares of CPRT bought and 1.67 million shares sold.

A number of institutional investors and hedge funds have recently made changes to their positions in CPRT. 337.64 million shares or 298.34% more from 84.76 million shares in 2017Q1 were reported. Copart, Inc. has had 7 insider trades in the last 3 months, including 0 open market buys and 7 sells. (NASDAQ:CPRT) by 43.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. Mawer Mngmt Ltd holds 206,714 shares or 0.06% of its portfolio. (NASDAQ:CPRT). Bbva Compass Savings Bank has invested 0.04% of its portfolio in Copart, Inc. (NASDAQ:CPRT) opened at $43.52 on Wednesday. Finally, Wasatch Advisors Inc. lifted its stake in Copart by 109.9% in the second quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider's stock valued at $334,636,000 after buying an additional 5,025,918 shares in the last quarter. Parametric Associate Ltd reported 193,580 shares stake. Creative Planning owns 0% invested in Copart, Inc. BlackRock Inc. now owns 16,093,508 shares of the business services provider's stock valued at $511,611,000 after buying an additional 8,189,852 shares in the last quarter. Gemmer Asset Ltd Liability Corp holds 57 shares or 0% of its portfolio. State Of Wisconsin Investment Board holds 0% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 84,504 shares. Virginia Retirement Systems ET AL raised its holdings in Copart by 8.2% during the 2nd quarter. (NASDAQ:BCOV). Webster Bancshares N A invested in 0% or 135 shares.

(NASDAQ:CPRT). Acadian Asset Limited Company reported 0% of its portfolio in Copart, Inc. Highbridge Capital Management LLC now owns 74,779 shares of the business services provider's stock worth $4,005,000 after buying an additional 70,575 shares during the last quarter. The Envestnet Asset Management Inc holds 112,479 shares with $3.58 million value, up from 56,042 last quarter. Knightsbridge Asset Management Llc who had been investing in Copart Inc for a number of months, seems to be bullish on the $10.06 billion market cap company.

Copart, Inc. (CPRT) closed 32.63% above its 200-day moving average and is 17.54% above another chart threshold, its 50-day moving average. It has outperformed by 20.71% the S&P500.

Knightsbridge Asset Management Llc, which manages about $398.58M and $131.15 million US Long portfolio, decreased its stake in Blackrock Res & Comm Strat T (BCX) by 613,919 shares to 217,632 shares, valued at $1.74 million in 2017Q2, according to the filing. Copart, Inc.'s now has a PEG ratio of 1.52 where as its P/E ratio is 33.92.

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The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . The Average Volume of the company is 5.04 Million, while the Volume of the company in the last trading session was 7.57 Billion.

CPRT's overall volume in the last trading session was 1,797,863 shares. Also Fool.com published the news titled: "Why Copart, Inc". Also Benzinga.com published the news titled: "Jim Cramer Shares His Thoughts On Arconic, Copart And CarMax" on December 06, 2017.

Chartwell Investment Partners LLC boosted its position in Copart, Inc. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Copart has a 12-month low of $27.06 and a 12-month high of $43.72. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. Copart had 21 analyst reports since January 15, 2016 according to SRatingsIntel. On Tuesday, April 5 the stock rating was initiated by Gabelli with "Hold". The firm earned "Hold" rating on Wednesday, October 18 by Jefferies. The rating was downgraded by Barrington Research on Friday, September 23 to "Mkt Perform". Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider's stock valued at $235,810,000 after acquiring an additional 3,826,242 shares in the last quarter. Jefferies initiated the stock with "Hold" rating in Friday, January 15 report. Jefferies Group LLC raised their target price on shares of Copart from $30.00 to $33.00 and gave the company a "hold" rating in a research note on Tuesday. Deutsche Bancorporation Ag holds 0.01% in Copart, Inc. CL King upgraded the shares of CPRT in report on Thursday, February 25 to "Neutral" rating.

Examining Institutional Ownership at Copart, Inc. The brokerage presently has a "hold" rating on the business services provider's stock.

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