It is currently trading at $36.15 a bit higher than the 50 day moving average which is $34.35 and which is significantly above the 200 day moving average of $31.89. The 50 day moving average moved up $1.80 whereas the 200 day average was up by +13.37%. (NASDAQ:CPRT) shares saw light trading volume with 728K shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 48.98% under the normal average daily volume.
Traders are more bullish on Copart, Inc. recently looking at the downtick in short interest. The stock experienced a fall in short interest of -0.40% as of September 29, 2017 from the last reporting period. Short shares decreased 29,624 over that timeframe. Days to cover decreased from 6.0 to 5.0 and the percentage of shorted shares was 0.03% on September 29.
Here are a few substantial investment firms who have updated their positions. State Treasurer State Of Michigan divested its stake by selling 9,100 shares a decrease of 10.8% as of 09/30/2017. State Treasurer State Of Michigan now holds 75,404 shares worth $2,592,000. The value of the position overall is down by 3.5%. As of quarter end Conestoga Capital Advisors, LLC had bought a total of 18,548 shares growing its stake by 25.2%. The value in dollars went from $2,344,000 to $3,172,000 a change of $828,000 quarter to quarter.
Ingalls & Snyder LLC downsized its holdings by shedding 75 shares a decrease of 0.0%. Ingalls & Snyder LLC now controls 215,234 shares valued at $7,398,000. The total value of its holdings increased 8.1%. As of the end of the quarter Robeco Institutional Asset Management B.v. had disposed of 293,939 shares trimming its position 12.0%. The value of the company’s investment in Copart, Inc. decreased from $78,137,000 to $74,377,000 decreasing 4.8% quarter over quarter.
The company currently has a P/E ratio of 21.78 and the market value is 8.34B. As of the latest earnings report the EPS was $1.66 and is expected to be $1.43 for the current year with 230,773,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.33 and the next full year EPS is projected to be $1.63.
Copart, Inc. (Copart), launched on January 6, 2012, is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International. The Company provides vehicle sellers with a range of services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies, such as banks and financial institutions, charities, car dealerships, municipalities, fleet operators and vehicle rental companies. The Company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters and, at certain locations, to the general public..