iSAM Funds UK Ltd trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 73.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,000 shares of the business services provider’s stock after selling 29,846 shares during the period. iSAM Funds UK Ltd’s holdings in Copart were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in CPRT. Quadrant Capital Group LLC grew its position in Copart by 1.3% during the third quarter. Quadrant Capital Group LLC now owns 20,693 shares of the business services provider’s stock valued at $931,000 after buying an additional 264 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Copart by 23.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,384 shares of the business services provider’s stock worth $68,000 after acquiring an additional 266 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Copart by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 6,395 shares of the business services provider’s stock worth $250,000 after acquiring an additional 282 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Copart by 11.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,793 shares of the business services provider’s stock worth $109,000 after acquiring an additional 288 shares in the last quarter. Finally, American Trust boosted its stake in shares of Copart by 2.1% during the 3rd quarter. American Trust now owns 14,230 shares of the business services provider’s stock worth $640,000 after acquiring an additional 295 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.
Copart Stock Up 4.4%
Shares of NASDAQ CPRT opened at $33.58 on Friday. The firm has a 50-day simple moving average of $30.01 and a 200-day simple moving average of $32.25. The stock has a market capitalization of $31.09 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. Copart, Inc. has a 52 week low of $26.81 and a 52 week high of $50.11.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on CPRT
Insider Transactions at Copart
In related 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 completion of the sale, the chief executive officer owned 99,641 shares of the company’s stock, valued at approximately $3,038,054.09. This represents a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.60% of the company’s stock.
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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