Healthcare of Ontario Pension Plan Trust Fund increased its stake in Copart, Inc. (NASDAQ:CPRT – Free Report) by 247.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,150,831 shares of the business services provider’s stock after buying an additional 819,186 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.12% of Copart worth $38,208,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Lodestone Wealth Management LLC bought a new stake in Copart in the fourth quarter worth about $25,000. Cache Advisors LLC purchased a new position in Copart in the first quarter valued at about $31,000. Reflection Asset Management bought a new position in shares of Copart during the 4th quarter valued at approximately $34,000. Triumph Capital Management grew its position in shares of Copart by 424.2% during the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 823 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in shares of Copart by 129.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock worth $45,000 after purchasing an additional 761 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.
Copart Stock Performance
Shares of Copart stock opened at $27.94 on Monday. The company’s 50-day moving average price is $30.17 and its 200-day moving average price is $34.04. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The company has a market cap of $25.87 billion, a price-to-earnings ratio of 17.35 and a beta of 1.02.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CPRT. Zacks Research raised shares of Copart from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings lowered Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Jefferies Financial Group set a $45.00 target price on Copart in a research report on Friday, May 22nd. Barclays set a $26.00 target price on Copart and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, Freedom Capital raised Copart to a “strong-buy” rating in a research report on Friday, June 26th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.
View Our Latest Report on CPRT
Copart Profile
Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.
Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.
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