E. Ohman J or Asset Management AB decreased its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,837 shares of the business services provider’s stock after selling 1,805 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Copart were worth $2,349,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optimum Investment Advisors increased its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank bought a new position in Copart during the 3rd quarter valued at approximately $29,000. Crewe Advisors LLC raised its stake in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Copart Stock Up 0.6 %
Shares of NASDAQ CPRT opened at $51.71 on Friday. The firm has a market cap of $49.76 billion, a P/E ratio of 36.42 and a beta of 1.27. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The company has a 50 day moving average of $52.30 and a 200 day moving average of $53.15.
Wall Street Analyst Weigh In
Separately, Robert W. Baird lowered their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.
Check Out Our Latest Stock 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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