Copart INC (CPRT) Shareholder Redmond Asset Management LLC Decreased Its Stake by $4.13 Million

June 27, 2018 - By Madeline Delgado

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 turned negative due to CPRT positioning: 31 sold and 134 reduced. 51 funds acquired stakes and 112 increased stakes. Investors holded 170.87 million in 2017Q4 but now own 172.82 million shares or 1.14% more. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.04% of its capital in Copart, Inc. (NASDAQ:CPRT) for 54,419 shs. Burgundy Asset Mngmt reported 402,275 shs or 0.19% of all its holdings. Moreover, Veritable Lp has 0.01% invested in Copart, Inc. (NASDAQ:CPRT) for 10,874 shs. Arizona State Retirement has 0.07% invested in Copart, Inc. (NASDAQ:CPRT) for 136,553 shs. Suntrust Banks reported 14,003 shs or 0% of all its holdings. Moreover, Ls Invest Advisors Limited Co has 0.04% invested in Copart, Inc. (NASDAQ:CPRT) for 14,251 shs. Bennicas & Assocs reported 1.47% in Copart, Inc. (NASDAQ:CPRT). Point72 Asia (Hong Kong) Ltd invested 0.03% of its capital in Copart, Inc. (NASDAQ:CPRT). Louisiana State Employees Retirement Sys reported 53,000 shs. Atlanta Cap Mgmt L L C reported 1.23% of its capital in Copart, Inc. (NASDAQ:CPRT). State Of Tennessee Treasury Department holds 0.01% in Copart, Inc. (NASDAQ:CPRT) or 37,600 shs. Moreover, Kayne Anderson Rudnick Investment Mngmt Limited has 3.34% invested in Copart, Inc. (NASDAQ:CPRT) for 8.78 million shs. Knightsbridge Asset Mngmt Llc reported 4.33% of its capital in Copart, Inc. (NASDAQ:CPRT). Great West Life Assurance Can stated it has 0.02% of its capital in Copart, Inc. (NASDAQ:CPRT). Sheets Smith Wealth Management, North Carolina-based fund reported 145,442 shs.

CPRT registered $35.31 million net activity with 0 buys and 7 insider sales since January 2, 2018. On Monday, June 11 $5.75 million worth of stock was sold by FRANKLIN WILLIAM E. COHAN STEVEN D sold $4.64 million worth of Copart, Inc. (NASDAQ:CPRT) on Friday, June 15. 140,000 shs were sold by TRYFOROS THOMAS N, worth $8.05 million on Monday, June 11. On Tuesday, January 2 68,004 shs were sold by Englander Daniel J, worth $2.95 million. On Monday, June 11 ADAIR A JAYSON had sold 200,000 shs worth $11.49 million. On Monday, June 18 Liaw Jeffrey sold $1.75M worth of Copart, Inc. (NASDAQ:CPRT) or 30,000 shs.

Redmond Asset Management Llc decreased its stake by 56.09% in Copart Inc (CPRT), according to 2018Q1 Securities and Exchange filling. The company’s stock popped up 15.62% while Redmond Asset Management Llc sold 82,669 shares. The institutional investor is holding 64,709 shares, compared to the 147,378 from the previous quarter. And the announced value of the consumer durables company is $3.30M for the 2018Q1. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Copart, Inc. (NASDAQ:CPRT)’s earnings report is awaited on September, 18., according to Zacks. Analysts predict 34.29 % diference or $0.47 from the $0.35 EPS from 2017. CPRT’s profit could hit $109.17 million with 29.72 P/E in case $0.47 earnings per share is published. Analysts at Wall Street see Copart, Inc.’s -9.62 % negative EPS growth compared to $0.52 earnings per share for previous quarter.

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

In total 6 analysts cover Copart (NASDAQ:CPRT). “Buy” rating has 3, “Sell” are 0, while 3 are “Hold”. 50% are bullish. With $58 highest and $47.0 lowest price target Copart has $53.40 average price target or -4.44% below the current ($55.88) price. 10 are the (NASDAQ:CPRT)’s analyst reports since January 16, 2018 according to StockzIntelligence Inc. On Wednesday, April 11 the stock of Copart, Inc. (NASDAQ:CPRT) earned “Hold” rating by Barrington. On Monday, February 12 the rating was upgraded by Stephens to “Overweight”. On Tuesday, January 16 Stephens maintained the shares of CPRT in report with “Hold” rating. The company rating was downgraded by Stephens on Friday, May 18. In Monday, February 26 report Robert W. Baird maintained the stock with “Buy” rating. On Tuesday, February 27 the firm has “Buy” rating by Stephens given. The company rating was maintained by Jefferies on Monday, February 26.

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

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