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Understanding the Risks of Investing in Copart, Inc (CPRT)

In a filing, Copart, Inc revealed its Director TRYFOROS THOMAS N acquired Company’s shares for reported $5.14 million on Dec 05 ’24. In the deal valued at $61.75 per share,83,310 shares were bought.

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Then, ADAIR A JAYSON sold 251,423 shares, generating $16,038,273 in total proceeds. Upon selling the shares at $63.79, the Executive Chairman now owns 14,436,557 shares.

Before that, ADAIR A JAYSON sold 248,577 shares. Copart, Inc shares valued at $15,816,955 were divested by the Executive Chairman at a price of $63.63 per share. As a result of the transaction, ADAIR A JAYSON now holds 14,187,980 shares, worth roughly $880.79 million.

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 Friday, Copart, Inc [NASDAQ:CPRT] saw its stock jump 0.27% to $62.08. Over the last five days, the stock has lost -2.07%. Copart, Inc shares have risen nearly 26.69% since the year began. Nevertheless, the stocks have risen 30.15% over the past one year. While a 52-week high of $64.38 was reached on 11/27/24, a 52-week low of $46.21 was recorded on 01/05/24. SMA at 50 days reached $55.84, while 200 days put it at $54.16.

Levels Of Support And Resistance For CPRT Stock

The 24-hour chart illustrates a support level at 61.72, which if violated will result in even more drops to 61.35. On the upside, there is a resistance level at 62.44. A further resistance level may holdings at 62.79. The Relative Strength Index (RSI) on the 14-day chart is 64.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.88%. Stochastics %K at 77.72% indicates the stock is a holding.

How much short interest is there in Copart, Inc?

A steep rise in short interest was recorded in Copart, Inc stocks on 2024-10-31, growing by 0.58 million shares to a total of 12.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.75 million shares. There was a rise of 4.73%, which implies that there is a positive sentiment for the stock.

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