As Copart INC (CPRT) Share Price Declined, Wasatch Advisors INC Has Upped Stake

November 14, 2017 - By reb123z

Investors sentiment increased to 9.26 in Q2 2017. Its up 8.06, from 1.2 in 2017Q1. It improved, as 23 investors sold CPRT shares while 8 reduced holdings. 51 funds opened positions while 236 raised stakes. 337.64 million shares or 298.34% more from 84.76 million shares in 2017Q1 were reported. State Of Wisconsin Invest Board holds 0% or 39,574 shares. Moreover, Paloma Prtnrs Company has 0% invested in Copart, Inc. (NASDAQ:CPRT). Washington Trust invested in 0.04% or 19,760 shares. Atria Ltd Com has invested 0.01% in Copart, Inc. (NASDAQ:CPRT). Capstone Advsrs Limited Liability Company stated it has 7,828 shares. Pnc Fin Service Gru Inc holds 20,801 shares or 0% of its portfolio. Fund Management owns 131,468 shares or 0.03% of their US portfolio. Moreover, Cadence Cap Management Ltd Llc has 0.08% invested in Copart, Inc. (NASDAQ:CPRT) for 34,148 shares. 43,517 are held by Sei Invs. Kayne Anderson Rudnick Invest Mngmt Lc has invested 2.08% in Copart, Inc. (NASDAQ:CPRT). Hutchin Hill Limited Partnership accumulated 0.12% or 108,700 shares. Retirement Sys Of Alabama holds 0.09% of its portfolio in Copart, Inc. (NASDAQ:CPRT) for 505,031 shares. City has 142 shares. Morgan Dempsey Cap Management Limited Liability Co reported 7,746 shares. Barclays Pcl holds 0% or 116,276 shares.

Wasatch Advisors Inc increased its stake in Copart Inc. (CPRT) by 109.9% based on its latest 2017Q2 regulatory filing with the SEC. Wasatch Advisors Inc bought 3.70 million shares as the company’s stock declined 0.66% while stock markets rallied. The institutional investor held 7.06M shares of the consumer durables company at the end of 2017Q2, valued at $224.50M, up from 3.36M at the end of the previous reported quarter. Wasatch Advisors Inc who had been investing in Copart Inc. for a number of months, seems to be bullish on the $8.29 billion market cap company. The stock declined 0.07% or $0.03 reaching $35.85 on the news. About 560,644 shares traded. Copart, Inc. (NASDAQ:CPRT) has risen 37.41% since November 14, 2016 and is uptrending. It has outperformed by 20.71% the S&P500.

Wasatch Advisors Inc, which manages about $19.28 billion and $7.17B US Long portfolio, decreased its stake in Cimpress Nv by 68,981 shares to 1.07 million shares, valued at $101.06 million in 2017Q2, according to the filing. It also reduced its holding in Credit Acceptance Corp. (NASDAQ:CACC) by 124,390 shares in the quarter, leaving it with 260,811 shares, and cut its stake in Hdfc Bank Ltd. Adr (NYSE:HDB).

More recent Copart, Inc. (NASDAQ:CPRT) news were published by: Prnewswire.com which released: “Copart Adds Acreage in Memphis, Expands Footprint in the Southeast Region of …” on October 27, 2017. Also Nasdaq.com published the news titled: “Copart (CPRT) Expands Online Auction Location at Arizona” on November 07, 2017. Prnewswire.com‘s news article titled: “Initiating Research Reports on Auto Dealerships Equities — Copart, AutoNation …” with publication date: November 10, 2017 was also an interesting one.

Copart, Inc. (NASDAQ:CPRT) Ratings Coverage

Among 9 analysts covering Copart (NASDAQ:CPRT), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Copart had 19 analyst reports since January 15, 2016 according to SRatingsIntel. On Monday, January 18 the stock rating was initiated by Jefferies with “Hold”. The firm earned “Hold” rating on Monday, September 11 by Jefferies. On Friday, August 26 the stock rating was initiated by Susquehanna with “Neutral”. Jefferies maintained Copart, Inc. (NASDAQ:CPRT) rating on Friday, May 26. Jefferies has “Hold” rating and $3300 target. The firm earned “Hold” rating on Wednesday, August 9 by Jefferies. Jefferies maintained it with “Hold” rating and $55 target in Thursday, September 22 report. The firm has “Hold” rating given on Thursday, July 6 by Jefferies. Northcoast downgraded the stock to “Neutral” rating in Thursday, August 25 report. The firm earned “Hold” rating on Friday, May 27 by Jefferies. The firm has “Hold” rating given on Tuesday, April 5 by Gabelli.

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