Tredje AP fonden trimmed its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 93.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,544 shares of the business services provider’s stock after selling 727,122 shares during the period. Tredje AP fonden’s holdings in Copart were worth $2,737,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Copart in the 1st quarter worth about $28,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Copart by 283.3% in the 2nd 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 last quarter. Finally, Versant Capital Management Inc increased its position in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after buying an additional 492 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.
Copart Stock Up 1.6 %
Shares of CPRT opened at $51.80 on Friday. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The company has a market capitalization of $49.85 billion, a P/E ratio of 36.48 and a beta of 1.27. The firm has a 50 day moving average of $51.61 and a 200 day moving average of $53.74.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird dropped their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.
View 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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