111 Capital significantly reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 61.8% in the third quarter, now owning 35,273 shares valued at $1.59 million. Despite this reduction, other institutional investors have either acquired new positions or increased their stakes, with institutional investors and hedge funds collectively owning 85.78% of the company. Copart’s stock recently traded up 2.5%, with a market capitalization of $36.87 billion, but the company missed its recent quarterly earnings estimates and has received mixed analyst ratings with a consensus “Hold” and an average target price of $44.40.
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111 Capital Has $1.59 Million Stock Position in Copart, Inc. $CPRT
111 Capital significantly reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 61.8% in the third quarter, now owning 35,273 shares valued at $1.59 million. Despite this reduction, other institutional investors have either acquired new positions or increased their stakes, with institutional investors and hedge funds collectively owning 85.78% of the company. Copart’s stock recently traded up 2.5%, with a market capitalization of $36.87 billion, but the company missed its recent quarterly earnings estimates and has received mixed analyst ratings with a consensus “Hold” and an average target price of $44.40.