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 |
