Intech Investment Management LLC reduced its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 48.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 158,502 shares of the business services provider’s stock after selling 151,581 shares during the quarter. Intech Investment Management LLC’s holdings in Copart were worth $8,584,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Gilbert & Cook Inc. grew its position in shares of Copart by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 469 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in shares of Copart in the fourth quarter valued at about $114,000. Avantax Advisory Services Inc. lifted its stake in shares of Copart by 44.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,816 shares of the business services provider’s stock valued at $383,000 after buying an additional 2,414 shares during the period. D.A. Davidson & CO. acquired a new stake in Copart during the fourth quarter worth about $409,000. Finally, Corient Private Wealth LLC grew its position in Copart by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 220,764 shares of the business services provider’s stock worth $10,817,000 after buying an additional 7,673 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Copart Stock Down 0.7 %
CPRT stock opened at $51.44 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 cap of $49.50 billion, a PE ratio of 36.23 and a beta of 1.27. The business’s 50-day simple moving average is $51.55 and its 200 day simple moving average is $53.73.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird decreased their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.
View Our Latest Stock Report 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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