Waterloo Capital L.P. grew its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,448 shares of the business services provider’s stock after purchasing an additional 1,517 shares during the period. Waterloo Capital L.P.’s holdings in Copart were worth $1,595,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of CPRT. Rise Advisors LLC purchased a new position in shares of Copart in the first quarter worth about $28,000. Pinnacle Bancorp Inc. increased its holdings in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the period. Crewe Advisors LLC increased its holdings in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Copart Price Performance
Shares of NASDAQ:CPRT opened at $51.00 on Thursday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The company has a market cap of $49.08 billion, a PE ratio of 35.92 and a beta of 1.27. The stock’s 50-day moving average is $51.68 and its 200 day moving average is $53.76.
Wall Street Analyst Weigh In
Separately, Robert W. Baird reduced their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.
Get Our Latest Stock Analysis on Copart
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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