Wellington Management Group LLP grew its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,799,600 shares of the business services provider’s stock after purchasing an additional 255,157 shares during the quarter. Wellington Management Group LLP owned about 0.41% of Copart worth $107,111,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Copart by 92.1% during the fourth quarter. Brighton Jones LLC now owns 14,215 shares of the business services provider’s stock worth $816,000 after acquiring an additional 6,817 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Copart by 365.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,118 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 878 shares during the last quarter. Jump Financial LLC acquired a new stake in Copart in the 2nd quarter worth approximately $2,677,000. Sei Investments Co. boosted its stake in Copart by 110.0% in the 2nd quarter. Sei Investments Co. now owns 900,330 shares of the business services provider’s stock worth $44,179,000 after purchasing an additional 471,571 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Copart by 3.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 413,083 shares of the business services provider’s stock worth $20,270,000 after purchasing an additional 13,860 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Copart Trading Down 1.6%
Shares of NASDAQ:CPRT opened at $32.47 on Wednesday. Copart, Inc. has a 12-month low of $26.81 and a 12-month high of $50.11. The business has a 50 day moving average of $29.90 and a two-hundred day moving average of $32.31. The company has a market capitalization of $30.06 billion, a PE ratio of 20.17, a PEG ratio of 1.99 and a beta of 1.03.
Insider Activity
Analyst Ratings Changes
A number of brokerages recently commented on CPRT. Weiss Ratings reiterated a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Freedom Capital upgraded shares of Copart to a “strong-buy” rating in a research note on Friday, June 26th. Jefferies Financial Group set a $45.00 price objective on shares of Copart in a report on Friday, May 22nd. Barclays set a $25.00 price objective on shares of Copart and gave the stock an “underweight” rating in a research note on Wednesday, August 26th. Finally, Zacks Research cut shares of Copart from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.50.
Get Our Latest Analysis on Copart
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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