The Manufacturers Life Insurance Company lifted its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 535,537 shares of the business services provider’s stock after purchasing an additional 1,748 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Copart worth $29,006,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cadence Bank raised its stake in Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares during the period. WASHINGTON TRUST Co raised its stake in Copart by 0.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after acquiring an additional 200 shares during the period. Spinnaker Trust lifted its holdings in Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. boosted its position in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the period. Finally, Burney Co. increased its holdings in shares of Copart by 1.4% in the second quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 206 shares during the last quarter. 85.78% of the stock is owned by institutional investors.
Copart Price Performance
CPRT opened at $52.40 on Tuesday. The business has a fifty day simple moving average of $51.37 and a 200 day simple moving average of $53.56. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The company has a market capitalization of $50.42 billion, a PE ratio of 36.90 and a beta of 1.27.
Wall Street Analyst Weigh In
Separately, Robert W. Baird reduced their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.
Read Our Latest Stock Report on Copart
Copart Company 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.
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