Copart, Inc. (NASDAQ:CPRT) Shares Purchased by First Merchants Corp

First Merchants Corp boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,138 shares of the business services provider’s stock after acquiring an additional 8,885 shares during the period. First Merchants Corp’s holdings in Copart were worth $6,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CPRT. Rise Advisors LLC acquired a new position in shares of Copart during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. raised its holdings in shares of Copart by 79.6% in the first 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. Versant Capital Management Inc lifted its position in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Copart during the first quarter valued at $36,000. Finally, Trust Co. of Vermont purchased a new stake in Copart during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock traded up $0.52 during trading on Friday, hitting $52.76. The stock had a trading volume of 2,126,029 shares, compared to its average volume of 4,422,644. The stock has a market cap of $50.77 billion, a price-to-earnings ratio of 37.15 and a beta of 1.28. The company’s 50 day moving average price is $52.77 and its two-hundred day moving average price is $53.66. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.

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.