Ridgewood Investments LLC Invests $148,000 in Copart, Inc. (NASDAQ:CPRT)

Ridgewood Investments LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,727 shares of the business services provider’s stock, valued at approximately $148,000.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in Copart in the first quarter valued at $28,000. Pinnacle Bancorp Inc. boosted its stake in shares of Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after buying an additional 234 shares during the period. Versant Capital Management Inc grew its position in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of Copart during the first quarter worth approximately $36,000. Finally, Trust Co. of Vermont acquired a new stake in Copart in the fourth quarter valued at approximately $38,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Down 1.5 %

Copart stock traded down $0.81 during trading on Thursday, reaching $52.40. The stock had a trading volume of 6,025,046 shares, compared to its average volume of 4,406,348. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The business has a 50 day moving average price of $52.65 and a 200 day moving average price of $53.72. The stock has a market cap of $50.42 billion, a PE ratio of 36.90 and a beta of 1.28.

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.