Eschler Asset Management LLP bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,000 shares of the business services provider’s stock, valued at approximately $846,000. Copart makes up 1.5% of Eschler Asset Management LLP’s holdings, making the stock its 20th largest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRT. C M Bidwell & Associates Ltd. bought a new stake in Copart during the second quarter worth about $25,000. Versant Capital Management Inc increased its stake in shares of Copart by 110.9% during the second quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 498 shares in the last quarter. Cache Advisors LLC purchased a new position in shares of Copart during the first quarter valued at approximately $31,000. Compass Financial Management LLC purchased a new position in shares of Copart during the second quarter valued at approximately $33,000. Finally, Reflection Asset Management bought a new stake in shares of Copart in the 4th quarter worth approximately $34,000. 85.78% of the stock is owned by hedge funds and other institutional investors.
Copart Trading Down 1.6%
Copart stock opened at $33.26 on Tuesday. The firm has a market cap of $30.79 billion, a price-to-earnings ratio of 20.66 and a beta of 1.01. The stock has a fifty day simple moving average of $29.55 and a two-hundred day simple moving average of $32.62. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of research analysts recently weighed in on CPRT shares. Jefferies Financial Group set a $45.00 price objective on Copart in a research report on Friday, May 22nd. Barclays set a $26.00 price target on Copart and gave the company an “underweight” rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research note on Wednesday, July 29th. Zacks Research downgraded shares of Copart from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.67.
Read 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.
Featured Stories
- Five stocks we like better than Copart
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
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.
