HBW Advisory Services LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,984 shares of the business services provider’s stock, valued at approximately $366,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Manning & Napier Advisors LLC purchased a new position in Copart in the second quarter worth $109,382,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares in the last quarter. TD Asset Management Inc increased its position in shares of Copart by 43.3% during the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock valued at $281,616,000 after purchasing an additional 1,469,292 shares during the last quarter. Kimelman & Baird LLC purchased a new position in shares of Copart during the 2nd quarter valued at about $70,307,000. Finally, Bank of New York Mellon Corp lifted its position in Copart by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after buying an additional 1,199,781 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.
Copart Price Performance
NASDAQ:CPRT traded up $0.71 during trading hours on Friday, hitting $52.90. The company had a trading volume of 3,682,181 shares, compared to its average volume of 4,460,492. The stock has a 50-day moving average price of $51.48 and a 200 day moving average price of $53.50. The company has a market capitalization of $50.91 billion, a PE ratio of 37.25 and a beta of 1.27. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.
Analysts Set New Price Targets
Separately, Robert W. Baird cut their price objective 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 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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