HWG Holdings LP bought a new stake in Copart, Inc. (NASDAQ:CPRT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,444 shares of the business services provider’s stock, valued at approximately $3,815,000. Copart makes up approximately 1.4% of HWG Holdings LP’s holdings, making the stock its 16th largest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in shares of Copart by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 469 shares in the last quarter. Gryphon Financial Partners LLC purchased a new position in shares of Copart during the 4th quarter worth approximately $114,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Copart by 8.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,931 shares of the business services provider’s stock worth $2,153,000 after purchasing an additional 3,241 shares in the last quarter. TFO Wealth Partners LLC grew its stake in Copart by 144,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,326 shares of the business services provider’s stock worth $212,000 after acquiring an additional 4,323 shares during the period. Finally, Rathbones Group PLC grew its stake in Copart by 2.9% in the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock worth $383,000 after acquiring an additional 221 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.
Copart Trading Down 0.1 %
NASDAQ:CPRT opened at $52.06 on Monday. The firm has a market capitalization of $50.10 billion, a price-to-earnings ratio of 36.66 and a beta of 1.27. The firm’s fifty day simple moving average is $51.38 and its 200 day simple moving average is $53.59. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird lowered their target price 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.
Check Out Our Latest Research Report 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.
Featured Articles
- Five stocks we like better than Copart
- The How And Why of Investing in Oil Stocks
- Is T-Mobile the Top Telecom Stock? Here’s What You Need to Know
- How to Buy Cheap Stocks Step by Step
- 3 Bargain Stocks Under $20 With Major Growth Potential
- How to Find Undervalued Stocks
- Top 5 ETFs to Own Now and Into 2025
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.