Gabelli Funds LLC lessened its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 379,000 shares of the business services provider’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Copart were worth $20,527,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of CPRT. Perpetual Ltd increased its holdings in Copart by 9.6% in the 1st quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after purchasing an additional 14,126 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Copart by 44.1% during the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after buying an additional 636,438 shares during the period. Baird Financial Group Inc. boosted its position in shares of Copart by 15.9% during the fourth quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock worth $143,187,000 after buying an additional 400,940 shares during the period. Silvercrest Asset Management Group LLC grew its stake 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 valued at $2,199,000 after buying an additional 10,959 shares in the last quarter. Finally, Motco raised its holdings in shares of Copart by 6,085.7% in the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after buying an additional 10,224 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.
Copart Stock Down 0.7 %
Copart stock opened at $51.44 on Monday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The firm has a market cap of $49.50 billion, a PE ratio of 36.23 and a beta of 1.27. The company’s 50 day moving average is $51.47 and its two-hundred day moving average is $53.70.
Analysts Set New Price Targets
Separately, Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.
View Our Latest Stock Analysis on Copart
Copart Company 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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