Capital Investment Advisors LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,876 shares of the business services provider’s stock after buying an additional 5,697 shares during the quarter. Capital Investment Advisors LLC’s holdings in Copart were worth $1,618,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Manning & Napier Advisors LLC purchased a new stake in shares of Copart in the second quarter worth approximately $109,382,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Copart by 28.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after buying an additional 1,500,466 shares during the period. TD Asset Management Inc raised its holdings in shares of Copart by 43.3% in the first quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after buying an additional 1,469,292 shares during the period. Kimelman & Baird LLC purchased a new stake in shares of Copart in the second quarter worth approximately $70,307,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after buying an additional 1,199,781 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
Copart Stock Up 0.4 %
Shares of NASDAQ:CPRT opened at $53.88 on Monday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock has a market cap of $51.85 billion, a P/E ratio of 37.94 and a beta of 1.27. The business’s 50 day moving average is $52.22 and its 200 day moving average is $53.29.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird dropped their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.
Get Our Latest Research 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.
Read More
- Five stocks we like better than Copart
- What is a Low P/E Ratio and What Does it Tell Investors?
- Is Spotify Stock Poised to Soar? Options Traders Think So
- Transportation Stocks Investing
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- Best Stocks Under $10.00
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.