Monday, December 17, 2007

Jana Partners Boosts Copart (CPRT) Stake Above 5%, Files 13D

In a 13D filing on Copart Inc. (Nasdaq: CPRT), Jana Partners disclosed a 5% stake (4,490,540 share) in the company. Jana held 4,469,733 shares at the quarter ended Sept 30, 2007. A 13D indicates a potential 'activist investment'.

In a pretty standard disclosure, the firm did not make any direct requests on the company, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.

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