Parkside Financial Bank & Trust lifted its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 708.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,105 shares of the business services provider’s stock after purchasing an additional 16,743 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Copart were worth $539,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Copart in the 2nd quarter valued at $1,908,980,000. California State Teachers Retirement System grew its holdings in shares of Copart by 2,995.5% in the 2nd quarter. California State Teachers Retirement System now owns 40,541,392 shares of the business services provider’s stock valued at $1,142,862,000 after acquiring an additional 39,231,718 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Copart in the 2nd quarter valued at about $488,663,000. Deutsche Bank AG acquired a new stake in shares of Copart in the second quarter valued at about $436,413,000. Finally, Norges Bank acquired a new stake in shares of Copart in the fourth quarter valued at about $569,569,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Price Performance
NASDAQ:CPRT opened at $32.60 on Wednesday. The company has a market cap of $30.18 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.62 and a beta of 1.03. The firm’s fifty day moving average price is $30.27 and its two-hundred day moving average price is $32.16. Copart, Inc. has a one year low of $26.81 and a one year high of $49.11.
Analyst Ratings Changes
Check Out Our Latest Report on CPRT
Insider Activity at Copart
In related news, CEO Jeffrey Liaw sold 27,745 shares of Copart 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. The trade was a 21.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.60% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Copart
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Free Report).
Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.
