Copart Inc. Institutional Stake Increases Reported

Janery Montgomery Scott LLC raised its position in Copart Inc. (NASDAQ: CPRT) by 14.0% in the first quarter, bringing its holding to 333,624 shares valued at about $11.1 million, according to a recent SEC filing. Other investors also added to their stakes: Nordea Investment Management increased its holding by 4.1% to 798,087 shares, ABN Amro Investment Solutions lifted its stake by 82.5% to 199,794 shares, Davidson Kahn Capital Management added 56.3% to 100,151 shares, Integrated Wealth Concepts grew 21.0% to 249,396 shares, and Gotham Asset Management boosted its position by 193.6% to 944,876 shares. Institutional investors now own roughly 85.8% of Copart’s stock. In a separate insider transaction, CEO Jeffrey Liaw sold 26,213 shares at an average price of $33.18, reducing his personal holding by about 24.8% to 79,532 shares valued at $2.64 million. Copart’s shares opened at $30.01, with recent quarterly results showing earnings of $0.43 per share on revenue of $1.24 billion, slightly beating analysts’ expectations.