CPRT Stock – Uncovering the Reasons Behind Today's Price Collapse

This evening we watched Copart drop -2.2% to a price of $47.7 per share. The large-cap Retail company is now trading -14.32% below its average target price of $55.67. Analysts have set target prices ranging from $48.0 to $58.0 per share for Copart, and have given the stock an average rating of buy.

Copart's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 2.43. The company's insiders own 9.48% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 82.6%. In conclusion, we believe there is positive market sentiment regarding Copart.

Institutions Invested in Copart

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 10% 97,512,662 $4,651,354,051
2023-09-30 Blackrock Inc. 8% 78,645,174 $3,751,374,859
2023-09-30 Principal Financial Group, Inc. 4% 39,803,057 $1,898,605,849
2023-09-30 Alliancebernstein L.P. 4% 35,010,942 $1,670,021,960
2023-09-30 State Street Corporation 3% 33,324,668 $1,589,586,689
2023-09-30 Capital World Investors 2% 21,212,049 $1,011,814,753
2023-09-30 Geode Capital Management, LLC 2% 19,659,230 $937,745,285
2023-09-30 Wellington Management Group, LLP 2% 17,929,180 $855,221,899
2023-09-30 JP Morgan Chase & Company 2% 17,359,152 $828,031,563
2023-09-30 Capital Research Global Investors 2% 16,006,194 $763,495,466
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.