Copart INC (CPRT) Shares Rose While Redmond Asset Management LLC Decreased Its Stake

June 27, 2018 - By Heather Owens

Copart, Inc. (NASDAQ:CPRT) Corporate LogoBig Money Sentiment decreased to 0.99 in Q1 2018. It has change of 0.20, from 2017Q4’s 1.19. The ratio dived due to CPRT positioning: 31 sold and 134 reduced. 51 funds acquired positions and 112 increased positions. Investors holded 170.87 million in 2017Q4 but now own 172.82 million shares or 1.14% more. Oppenheimer Asset Management, New York-based fund reported 77,195 shs. G2 Inv Prtnrs Mgmt Ltd Liability Corp accumulated 71,937 shs or 1.44% of the stock. Qs Investors Limited Liability Company reported 0% in Copart, Inc. (NASDAQ:CPRT). Retirement Systems Of Alabama holds 0.11% or 437,184 shs. 304,300 are held by California State Teachers Retirement Systems. Moreover, Employees Retirement Of Texas has 0.1% invested in Copart, Inc. (NASDAQ:CPRT). Rocky Mountain Advisers Ltd Liability invested in 124 shs or 0.02% of the stock. Royal Comml Bank Of Canada accumulated 672,606 shs or 0.02% of the stock. Massachusetts Fincl Services Co Ma accumulated 0.03% or 1.18 million shs. Hanson Mcclain reported 2,894 shs stake. Vanguard Group Inc reported 17.91 million shs. Mason Street Advsrs Lc reported 0.12% of its capital in Copart, Inc. (NASDAQ:CPRT). 32,708 are held by Ser Automobile Association. Moreover, Legacy Private has 0.21% invested in Copart, Inc. (NASDAQ:CPRT) for 35,046 shs. Prudential Fincl owns 356,078 shs.

CPRT had 7 selling transactions and 0 buys since January 2, 2018. This’s net activity of $35.31 million. On Monday, June 11 FRANKLIN WILLIAM E sold $5.75 million worth of Copart, Inc. (NASDAQ:CPRT). $4.64M worth of stock was sold by COHAN STEVEN D on Friday, June 15. On Tuesday, January 2 the insider Englander Daniel J sold $2.95M. Liaw Jeffrey also sold $1.75M worth of Copart, Inc. (NASDAQ:CPRT) on Monday, June 18. The insider TRYFOROS THOMAS N sold 140,000 shs worth $8.05M. On Monday, March 12 $676,522 worth of Copart, Inc. (NASDAQ:CPRT) was sold by Blunt Matt.

Redmond Asset Management Llc’s stake in Copart Inc (CPRT) is reduced by 56.09% based on its latest 2018Q1 regulatory filing with the SEC. 82,669 shares were sold by Redmond Asset Management Llc as the company’s stock rose 15.62% while stock markets declined. The consumer durables company at the end of 2018Q1 was priced at $3.30 million. It’s down from 147,378 at the end of the previous reported quarter. Now it had 64,709 shares held by the institutional investor . Redmond Asset Management Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

On September, 18 is anticipated Copart, Inc. (NASDAQ:CPRT)’s earnings report, Zacks reports. Last year’s EPS was $0.35, while now analysts expect change of 34.29 % up from current $0.47 EPS. CPRT’s profit could hit $109.17M if the current EPS of $0.47 is accurate. Wall Street now sees -9.62 % negative EPS growth despite Copart, Inc. last quarter’s EPS of $0.52.

A couple more Copart, Inc. (NASDAQ:CPRT) news were published by: Investorplace.com which released on June 15, 2018 “Unloved Copart, Inc. Has Returned 30%-Plus YTD”, also Seekingalpha.com on June 25, 2018 published “EXEL +5.4% on move to MidCap 400; CPRT to S&P 500”, the next Benzinga.com is “Benzinga’s Daily Biotech Pulse: Epidiolex, Roche’s Influenza Drug Gets Priority Review Status, Xeris Jumps On …” on June 26, 2018. Streetinsider.com has article titled “Copart (CPRT) Set to Join S&P 500; Exelixis (EXEL) to Join S&P MidCap 400; Clarifications to S&P US Indices …”.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Total analysts of 6 have positions in Copart (NASDAQ:CPRT) as follows: 3 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 50%. The firm has $58 highest while $47.0 is the lowest target price. The average target $53.40 is -4.44% below the last ($55.88) price. Since January 16, 2018 according to StockzIntelligence Inc Copart has 10 analyst reports. On Monday, February 26 the company was maintained by Robert W. Baird. On Wednesday, April 11 the company was maintained by Barrington. On Tuesday, February 27 the rating was maintained by Stephens with “Buy”. On Friday, May 18 the company was downgraded by Stephens. On Monday, February 26 the rating was maintained by Jefferies with “Hold”. On Monday, February 12 the stock of Copart, Inc. (NASDAQ:CPRT) has “Overweight” rating given by Stephens. The company rating was maintained by Stephens on Tuesday, January 16.

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

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