Chicago Capital LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 1.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 108,289 shares of the business services provider’s stock after selling 1,776 shares during the period. Chicago Capital LLC’s holdings in Copart were worth $5,674,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of CPRT. Manning & Napier Advisors LLC purchased a new position in shares of Copart during the second quarter valued at approximately $109,382,000. Price T Rowe Associates Inc. MD grew its position in Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. TD Asset Management Inc grew its position in Copart by 43.3% in the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after purchasing an additional 1,469,292 shares during the period. Kimelman & Baird LLC purchased a new stake in Copart during the 2nd quarter valued at $70,307,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after buying an additional 1,199,781 shares during the period. Institutional investors own 85.78% of the company’s stock.
Copart Trading Up 0.4 %
Shares of NASDAQ CPRT opened at $53.88 on Friday. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The firm has a market capitalization of $51.85 billion, a price-to-earnings ratio of 37.94 and a beta of 1.27. The firm has a 50 day moving average of $52.22 and a 200 day moving average of $53.29.
Analysts Set New Price Targets
Separately, Robert W. Baird cut their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.
Read Our Latest Analysis on Copart
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.
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