Magnetar Financial LLC Increases Stock Position in Copart, Inc. $CPRT

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Magnetar Financial LLC dramatically increased its stake in Copart, Inc. (NASDAQ:CPRT) by 2,826.4% in the third quarter, now owning 124,255 shares valued at $5.588 million. This surge in institutional ownership comes as Copart’s stock has seen a 2.1% decline, trading at $35.55, and after the company missed analyst consensus for its latest quarterly earnings and revenue. Several other institutional investors also adjusted their positions in Copart, while analysts have given mixed ratings, resulting in an average “Hold” recommendation for the stock.

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