Knollwood Investment Advisory LLC trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 47.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,672 shares of the business services provider’s stock after selling 15,320 shares during the period. Knollwood Investment Advisory LLC’s holdings in Copart were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its stake in shares of Copart by 228.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 456,184 shares of the business services provider’s stock worth $13,126,000 after buying an additional 317,383 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in shares of Copart by 16.9% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 14,238 shares of the business services provider’s stock valued at $401,000 after buying an additional 2,059 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Copart by 7.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,499 shares of the business services provider’s stock valued at $352,000 after buying an additional 823 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of Copart by 10.8% in the 2nd quarter. NEOS Investment Management LLC now owns 731,235 shares of the business services provider’s stock valued at $20,614,000 after acquiring an additional 71,094 shares during the last quarter. Finally, AXQ Capital LP lifted its holdings in shares of Copart by 1,017.7% in the 2nd quarter. AXQ Capital LP now owns 241,865 shares of the business services provider’s stock valued at $6,818,000 after acquiring an additional 220,225 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Jeffrey Liaw sold 27,745 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 directly owned 99,641 shares of the company’s stock, valued at approximately $3,038,054.09. This trade 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.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Copart
Copart Price Performance
Shares of NASDAQ CPRT opened at $33.58 on Friday. Copart, Inc. has a 1 year low of $26.81 and a 1 year high of $50.11. The firm has a 50-day simple moving average of $30.01 and a two-hundred day simple moving average of $32.25. The company has a market cap of $31.09 billion, a P/E ratio of 20.86, a PEG ratio of 1.94 and a beta of 1.03.
Copart Company 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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