Vanguard Personalized Indexing Management LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,338 shares of the business services provider’s stock after purchasing an additional 5,283 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Copart were worth $4,789,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in CPRT. Rise Advisors LLC bought a new stake in Copart in the first quarter worth about $28,000. Pinnacle Bancorp Inc. lifted its stake in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the period. Finally, Versant Capital Management Inc grew its position in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.
Copart Stock Performance
Copart stock opened at $51.00 on Thursday. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The company has a market capitalization of $49.08 billion, a PE ratio of 35.92 and a beta of 1.27. The company has a 50 day moving average price of $51.68 and a 200-day moving average price of $53.76.
Analysts Set New Price Targets
Separately, Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.
Read Our Latest Report on CPRT
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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