Tobam Sells 618 Shares of Copart, Inc. (NASDAQ:CPRT)

Tobam lowered its position in Copart, Inc. (NASDAQ:CPRT) by 30.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,433 shares of the business services provider’s stock after selling 618 shares during the period. Tobam’s holdings in Copart were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in Copart in the first quarter worth $28,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Copart during the 1st quarter valued at about $36,000. Finally, Pittenger & Anderson Inc. lifted its position in Copart by 125.8% in the 1st quarter. Pittenger & Anderson Inc. now owns 718 shares of the business services provider’s stock worth $42,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $52.96 on Friday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The stock has a 50 day simple moving average of $52.60 and a two-hundred day simple moving average of $53.72. The firm has a market cap of $50.96 billion, a P/E ratio of 37.30 and a beta of 1.28.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.