Frank Rimerman Advisors LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 14,957.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,876 shares of the business services provider’s stock after purchasing an additional 19,744 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Copart were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Copart during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. grew its holdings in 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 grew its holdings in 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. grew 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 worth $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares during the last quarter. 85.78% of the stock is owned by institutional investors.
Copart Stock Performance
Shares of NASDAQ CPRT opened at $51.44 on Monday. The company has a market capitalization of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The company’s 50 day moving average price is $51.47 and its 200-day moving average price is $53.70.
Analysts Set New Price Targets
Separately, Robert W. Baird reduced their target price on shares of 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 Research Report on CPRT
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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