Czech National Bank grew its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 190,080 shares of the business services provider’s stock after purchasing an additional 11,693 shares during the quarter. Czech National Bank’s holdings in Copart were worth $10,909,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CPRT. Graypoint LLC bought a new position in shares of Copart in the 4th quarter worth $242,000. Legacy Private Trust Co. boosted its holdings in Copart by 9.5% during the fourth quarter. Legacy Private Trust Co. now owns 10,937 shares of the business services provider’s stock worth $628,000 after buying an additional 950 shares during the last quarter. Canandaigua National Trust Co of Florida acquired a new position in shares of Copart during the 4th quarter worth about $325,000. GAMMA Investing LLC raised its position in shares of Copart by 31.5% in the 4th quarter. GAMMA Investing LLC now owns 16,754 shares of the business services provider’s stock valued at $962,000 after acquiring an additional 4,014 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Copart by 0.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 27,631 shares of the business services provider’s stock worth $1,447,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Price Performance
Shares of Copart stock opened at $55.63 on Tuesday. The company has a market capitalization of $53.60 billion, a P/E ratio of 39.18 and a beta of 1.33. The business has a 50-day moving average of $58.96 and a two-hundred day moving average of $54.65. Copart, Inc. has a 1 year low of $47.31 and a 1 year high of $64.38.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.
Get Our Latest Report on Copart
Insider Buying and Selling
In other Copart news, Director Diane M. Morefield sold 30,000 shares of Copart stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $1,160,200. This trade represents a 60.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $56.84, for a total value of $13,384,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 650,213 shares of company stock worth $39,199,813 over the last ninety days. Company insiders own 9.68% of the company’s stock.
About Copart
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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