State of Alaska Department of Revenue boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT – Get Rating) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 30,715 shares of the business services provider’s stock after buying an additional 680 shares during the period. State of Alaska Department of Revenue’s holdings in Copart were worth $3,337,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CPRT. Perkins Coie Trust Co raised its holdings in Copart by 78.4% during the 1st quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock worth $33,000 after buying an additional 116 shares during the period. American National Bank raised its holdings in Copart by 58.2% during the 1st quarter. American National Bank now owns 280 shares of the business services provider’s stock worth $35,000 after buying an additional 103 shares during the period. Rather & Kittrell Inc. acquired a new stake in shares of Copart in the fourth quarter valued at approximately $37,000. NuWave Investment Management LLC raised its holdings in shares of Copart by 91.5% in the first quarter. NuWave Investment Management LLC now owns 362 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 173 shares during the last quarter. Finally, Trustcore Financial Services LLC raised its holdings in shares of Copart by 897.4% in the first quarter. Trustcore Financial Services LLC now owns 389 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 350 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Copart Trading Down 2.0 %
NASDAQ:CPRT opened at $107.88 on Thursday. Copart, Inc. has a 1-year low of $102.21 and a 1-year high of $161.12. The firm has a fifty day simple moving average of $121.66 and a 200 day simple moving average of $117.68. The stock has a market capitalization of $25.64 billion, a PE ratio of 23.81 and a beta of 1.16.
Wall Street Analysts Forecast Growth
CPRT has been the topic of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Copart from $150.00 to $135.00 in a report on Friday, September 9th. Stephens lowered their price objective on shares of Copart to $141.00 in a report on Tuesday, September 13th.
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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