Copart, Inc.’s recent filing unveils that its Executive Chairman ADAIR A JAYSON unloaded Company’s shares for reported $34.66 million on Mar 28 ’24. In the deal valued at $57.77 per share,600,000 shares were sold. As a result of this transaction, ADAIR A JAYSON now holds 19,687,980 shares worth roughly $1.03 billion.
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Then, TRYFOROS THOMAS N sold 285,000 shares, generating $15,751,950 in total proceeds. Upon selling the shares at $55.27, the Director now owns 35,000 shares.
Before that, Blunt Matt sold 100,000 shares. Copart, Inc. shares valued at $5,106,000 were divested by the Director at a price of $51.06 per share. As a result of the transaction, Blunt Matt now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including HSBC Securities’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Argus began covering CPRT with “Buy” recommendation on September 08, 2023. Northcoast revised its rating on May 01, 2023. It rated CPRT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CPRT
On Tuesday, Copart, Inc. [NASDAQ:CPRT] saw its stock jump 0.64% to $52.18. Over the last five days, the stock has gained 0.21%. Copart, Inc. shares have risen nearly 6.49% since the year began. Nevertheless, the stocks have risen 22.12% over the past one year. While a 52-week high of $58.58 was reached on 04/01/24, a 52-week low of $42.41 was recorded on 01/05/24. SMA at 50 days reached $52.29, while 200 days put it at $52.97.
Levels Of Support And Resistance For CPRT Stock
The 24-hour chart illustrates a support level at 51.64, which if violated will result in even more drops to 51.10. On the upside, there is a resistance level at 52.60. A further resistance level may holdings at 53.02. The Relative Strength Index (RSI) on the 14-day chart is 45.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.30%. Stochastics %K at 15.85% indicates the stock is a buying.
How much short interest is there in Copart, Inc.?
A steep rise in short interest was recorded in Copart, Inc. stocks on 2024-10-15, growing by 2.35 million shares to a total of 13.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.07 million shares. There was a rise of 17.53%, which implies that there is a positive sentiment for the stock.
