Copart, Inc. (NASDAQ:CPRT) Short Interest Down 8.5% in July

Copart, Inc. (NASDAQ:CPRT) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 10,500,000 shares, a decline of 8.5% from the July 15th total of 11,480,000 shares. Based on an average daily volume of 4,460,000 shares, the short-interest ratio is currently 2.4 days.

Copart Trading Up 0.7 %

NASDAQ CPRT traded up $0.36 on Tuesday, hitting $51.95. 262,772 shares of the company’s stock were exchanged, compared to its average volume of 4,443,856. Copart has a 52 week low of $42.41 and a 52 week high of $58.58. The stock has a 50-day moving average of $52.85 and a 200-day moving average of $53.64. The stock has a market cap of $49.99 billion, a price-to-earnings ratio of 36.33 and a beta of 1.28.

Institutional Trading of Copart

Several large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Copart during the 4th quarter valued at approximately $463,262,000. Bank of New York Mellon Corp increased its position in shares of Copart by 116.1% during the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock worth $857,718,000 after buying an additional 7,956,043 shares during the period. TD Asset Management Inc raised its stake in Copart by 258.1% during the fourth quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock worth $166,250,000 after buying an additional 2,445,440 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Copart in the second quarter valued at $109,382,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Copart by 28.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after acquiring an additional 1,500,466 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.