Large Outflow of Money Witnessed in Copart, Inc.

Copart, Inc. (CPRT) surged 0.26% during the last session. The last traded price was up 0.15 points at $56.89. The data for the fund flow suggests that the net intraday money flow was $(-1.86) million. The fund value in upticks was recorded to be $1.03 million and in downticks, it was found to be $2.89 million. The up/down ratio for the day was measured to be 0.36. For the week, the shares have seen a percentage change of -0.23%.A block trade of $(-2.05) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $2.05 million. The block tradeoff had the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Copart, Inc. has dropped 2.86% in the last five trading days, however, the shares have posted positive gains of 0.99% in the last 4 weeks. Copart, Inc. is up 6.65% in the last 3-month period. Year-to-Date the stock performance stands at 0.99%. Copart, Inc. (NASDAQ:CPRT) witnessed a decline in the market cap on Wednesday as its shares dropped 1.37% or 0.78 points. After the session commenced at $57.05, the stock reached the higher end at $57.74 while it hit a low of $55.6701. With the volume soaring to 593,371 shares, the last trade was called at $55.96. The company has a 52-week high of $57.97. The company has a market cap of $6,412 million and there are 114,586,095 shares in outstanding. The 52-week low of the share price is $32.69.

Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Vikrant Bhatia (EVP Strategic Initiatives) sold 3,000 shares at 56.46 per share price.On Oct 18, 2016, James E Meeks (director) sold 64,222 shares at 54.09 per share price.On Sep 27, 2016, Sean Eldridge (SVP, Chief Operating Officer) sold 22,485 shares at 53.61 per share price.

Copart Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.55. The company had revenue of $345.99 million for the quarter, compared to analysts expectations of $326.85 million. The companys revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made.


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