Mercer Global Advisors Inc. ADV grew its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 51,662 shares of the business services provider’s stock after acquiring an additional 576 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Copart were worth $2,798,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Copart during the first quarter worth about $28,000. Pinnacle Bancorp Inc. lifted its holdings in shares of 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 period. Crewe Advisors LLC boosted its position in shares of 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 in the last quarter. Meeder Asset Management Inc. increased its stake in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Copart Trading Down 0.7 %
CPRT opened at $51.44 on Monday. The company has a market cap of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. The company’s 50 day moving average is $51.47 and its 200-day moving average is $53.70. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.
View Our Latest Stock Analysis on CPRT
Copart 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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