Nykredit A S bought a new stake in Copart, Inc. (NASDAQ:CPRT – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 183,919 shares of the business services provider’s stock, valued at approximately $5,185,000.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Copart during the 2nd quarter worth $1,908,980,000. State Street Corp boosted its position in Copart by 1.3% in the 4th quarter. State Street Corp now owns 37,555,437 shares of the business services provider’s stock valued at $1,470,295,000 after buying an additional 492,506 shares during the last quarter. Capital World Investors grew its stake in shares of Copart by 25.1% during 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 acquiring an additional 5,555,101 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Copart by 0.6% during 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 acquiring an additional 131,703 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Copart by 21.7% during the fourth quarter. Bank of New York Mellon Corp now owns 21,982,589 shares of the business services provider’s stock worth $860,618,000 after acquiring an additional 3,918,610 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Copart Price Performance
Copart stock opened at $33.72 on Monday. The company has a market cap of $31.22 billion, a PE ratio of 20.94, a P/E/G ratio of 1.62 and a beta of 1.03. The company has a fifty day moving average price of $30.07 and a two-hundred day moving average price of $32.23. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $49.16.
Insider Activity
Analyst Ratings Changes
A number of research analysts recently commented on CPRT shares. JPMorgan Chase & Co. raised Copart from a “neutral” rating to an “overweight” rating and increased their price target for the company from $32.00 to $40.00 in a report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Copart in a research report on Wednesday, July 29th. Zacks Research cut Copart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Stephens reissued an “equal weight” rating and set a $35.00 price target on shares of Copart in a research report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $40.00 price target on shares of Copart in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.83.
Check Out Our Latest Stock 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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