Lifetime Wealth Management P.C. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,000 shares of the business services provider’s stock, valued at approximately $789,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Copart in the 2nd quarter valued at approximately $1,908,980,000. State Street Corp raised its holdings in Copart by 1.3% during the 4th quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock worth $1,470,295,000 after buying an additional 492,506 shares during the period. Capital World Investors lifted its stake in Copart by 25.1% in the fourth quarter. Capital World Investors now owns 27,728,398 shares of the business services provider’s stock valued at $1,085,588,000 after buying an additional 5,555,101 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Copart by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 23,255,161 shares of the business services provider’s stock valued at $906,836,000 after buying an additional 131,703 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Copart by 21.7% in the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock valued at $860,618,000 after buying an additional 3,918,610 shares during the period. 85.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Copart
In other news, CEO Jeffrey Liaw sold 27,745 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $30.49, for a total transaction of $845,945.05. Following the transaction, the chief executive officer owned 99,641 shares in the company, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.60% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Copart
Copart Trading Up 0.3%
Copart stock opened at $32.76 on Friday. The company has a market capitalization of $30.33 billion, a PE ratio of 20.35 and a beta of 1.01. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The stock has a 50-day moving average price of $29.72 and a two-hundred day moving average price of $32.47.
About Copart
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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