Peregrine Investment Management Inc. Has $4.29 Million Position in Copart, Inc. $CPRT

Peregrine Investment Management Inc. significantly reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 55.1% in Q3, now holding 95,440 shares valued at approximately $4.29 million. Amidst this, major insider selling has occurred, with a director selling 100,000 shares and the CEO selling over 25,000 shares, bringing insider ownership to about 9.60%. Analyst sentiment remains mixed with a “Moderate Buy” consensus and an average price target of $47.60, despite the stock trading around $36.72 and several firms cutting their targets.

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