HighTower Advisors LLC reduced its stake in Copart, Inc. by 21.8% in Q3, now holding 736,900 shares valued at $33.14 million. Despite the institutional selling, Copart reported strong earnings per share in its last quarter, beating analyst estimates, although revenue was slightly below expectations. Insider selling by a director and the CEO has also been noted, while analysts maintain a “Moderate Buy” average rating with a price target of $47.60.
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HighTower Advisors LLC Has $33.14 Million Holdings in Copart, Inc. $CPRT
HighTower Advisors LLC reduced its stake in Copart, Inc. by 21.8% in Q3, now holding 736,900 shares valued at $33.14 million. Despite the institutional selling, Copart reported strong earnings per share in its last quarter, beating analyst estimates, although revenue was slightly below expectations. Insider selling by a director and the CEO has also been noted, while analysts maintain a “Moderate Buy” average rating with a price target of $47.60.