Bleakley Financial Group LLC cut its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,895 shares of the business services provider’s stock after selling 725 shares during the quarter. Bleakley Financial Group LLC’s holdings in Copart were worth $885,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its position in shares of Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after purchasing an additional 636,438 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the period. Motco increased its position in shares of Copart by 6,085.7% in the first quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after acquiring an additional 10,224 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Copart during the first quarter valued at approximately $3,877,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Copart in the 2nd quarter valued at approximately $109,382,000. 85.78% of the stock is owned by institutional investors.
Copart Price Performance
NASDAQ:CPRT opened at $53.88 on Monday. The stock has a market cap of $51.85 billion, a PE ratio of 37.94 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock’s 50-day moving average is $52.22 and its two-hundred day moving average is $53.29.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird lowered their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.
Check Out Our Latest Report on Copart
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.
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