Louisiana State Employees Retirement System lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,700 shares of the business services provider’s stock after selling 3,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Copart were worth $6,429,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after purchasing an additional 3,016,795 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Copart in the second quarter valued at approximately $109,382,000. Price T Rowe Associates Inc. MD lifted its holdings in Copart by 28.0% during 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 last quarter. TD Asset Management Inc increased its position in Copart by 43.3% during 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 buying an additional 1,469,292 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in shares of Copart in the second quarter valued at about $70,307,000. 85.78% of the stock is owned by institutional investors.
Copart Stock Up 0.6 %
CPRT stock opened at $51.71 on Friday. The company’s 50-day moving average price is $52.30 and its two-hundred day moving average price is $53.15. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The firm has a market cap of $49.76 billion, a P/E ratio of 36.42 and a beta of 1.27.
Analysts Set New Price Targets
Separately, Robert W. Baird decreased their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.
Check Out Our Latest Stock Analysis on Copart
About Copart
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.
Recommended Stories
- Five stocks we like better than Copart
- Basic Materials Stocks Investing
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What Are Some of the Best Large-Cap Stocks to Buy?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Best Stocks Under $5.00
- MarketBeat Week in Review – 10/21- 10/25
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.