Brighton Jones LLC lowered its stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 23.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,398 shares of the business services provider’s stock after selling 2,259 shares during the quarter. Brighton Jones LLC’s holdings in Copart were worth $388,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CPRT. International Assets Investment Management LLC bought a new stake in shares of Copart in the 3rd quarter worth about $4,330,000. MFA Wealth Advisors LLC raised its position in Copart by 17.2% in the 3rd quarter. MFA Wealth Advisors LLC now owns 56,484 shares of the business services provider’s stock worth $2,960,000 after purchasing an additional 8,273 shares during the period. Litman Gregory Wealth Management LLC lifted its stake in Copart by 4.2% in the third quarter. Litman Gregory Wealth Management LLC now owns 170,011 shares of the business services provider’s stock worth $8,909,000 after purchasing an additional 6,775 shares during the last quarter. Greenleaf Trust lifted its stake in Copart by 1.5% in the third quarter. Greenleaf Trust now owns 16,889 shares of the business services provider’s stock worth $885,000 after purchasing an additional 249 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Copart by 23.3% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 7,428 shares of the business services provider’s stock valued at $390,000 after buying an additional 1,402 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Copart Stock Performance
NASDAQ:CPRT opened at $51.71 on Friday. The firm has a 50-day simple moving average of $52.30 and a 200-day simple moving average of $53.15. Copart, Inc. has a one year low of $42.41 and a one year 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.
Wall Street Analyst Weigh In
Separately, Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.
View Our Latest Analysis on CPRT
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.
Featured Articles
- Five stocks we like better than Copart
- Stock Market Upgrades: What Are They?
- Texas Roadhouse Stock Steering for New Highs This Year
- What Does a Stock Split Mean?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Technology Stocks Explained: Here’s What to Know About Tech
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).
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.