Large Outflow of Money Witnessed in Copart

Copart (NASDAQ:CPRT) jumped 0.03 points or 0.06% on strong buying and was last priced at $48.87 per share. The shares saw huge fund flow intraday; a massive $0.37 million made their way in through the upticks but an even bigger $6.56 million made their way out through downticks. As per the last observation, the net money flow stood at $(-6.19) million and the up/down ratio was found to be 0.06. The shares have seen a weekly value change of -0.31% .A block trade was recorded in the company shares with a net money flow of $(-6.17) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $6.17. As can be seen from the data, the block transaction had the up/down ratio of 0.

Copart, Inc. has dropped 0.88% in the last five trading days, however, the shares have posted positive gains of 12.22% in the last 4 weeks. Copart, Inc. is up 16.63% in the last 3-month period. Year-to-Date the stock performance stands at 27.83%.

Currently the company Insiders own 19.4% of Copart shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -39.93% . Institutional Investors own 82.75% of Copart shares. During last six month period, the net percent change held by insiders has seen a change of -39.93%. . On the companys insider trading activities, Cohan Steven D, director of Copart Inc, unloaded 160,000 shares at an average price of $48.85 on May 27, 2016. The total amount of the transaction was worth $7,816,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Copart (NASDAQ:CPRT) witnessed a decline in the market cap on Friday as its shares dropped 0.51% or 0.25 points. After the session commenced at $48.69, the stock reached the higher end at $49.11 while it hit a low of $48.55. With the volume soaring to 1,192,192 shares, the last trade was called at $48.59. The company has a 52-week high of $50.08. The company has a market cap of $5,315 million and there are 109,382,384 shares in outstanding. The 52-week low of the share price is $32.26.

Copart, Inc. is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3). It sells vehicles primarily to insurance companies, and also to banks and financial institutions, charities, car dealerships, fleet operators and vehicle rental companies. It sells the vehicles to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters, and at certain locations, to the general public. The Company that sells vehicles on behalf of insurance companies are either damaged vehicles deemed a total loss or not economically repairable by the insurance companies, or are recovered stolen vehicles.

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