Geode Capital Management LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,763,522 shares of the business services provider’s stock after buying an additional 47,719 shares during the quarter. Geode Capital Management LLC owned approximately 0.76% of Copart worth $76,166,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC bought a new stake in Copart during the 4th quarter valued at about $108,000. Assetmark Inc. bought a new stake in Copart during the 4th quarter valued at about $196,000. Nadler Financial Group Inc. bought a new stake in Copart during the 4th quarter valued at about $216,000. Reliance Trust Co. of Delaware bought a new stake in Copart during the 4th quarter valued at about $226,000. Finally, Private Advisor Group LLC bought a new stake in Copart during the 3rd quarter valued at about $200,000. Institutional investors own 81.04% of the company’s stock.
Shares of Copart, Inc. (NASDAQ CPRT) opened at $50.78 on Wednesday. Copart, Inc. has a twelve month low of $28.89 and a twelve month high of $51.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.78 and a quick ratio of 1.74. The company has a market cap of $11,857.23, a PE ratio of 35.51, a PEG ratio of 1.46 and a beta of 1.02.
CPRT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Tuesday, November 21st. Jefferies Group boosted their price target on shares of Copart to $40.00 and gave the company a “hold” rating in a report on Thursday, November 23rd. JPMorgan Chase & Co. boosted their price target on shares of Copart from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, November 24th. Robert W. Baird restated a “buy” rating and issued a $44.00 price target on shares of Copart in a report on Friday, November 24th. Finally, Gabelli restated a “hold” rating on shares of Copart in a report on Friday, November 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Copart has a consensus rating of “Buy” and an average price target of $46.17.
In related news, Director Daniel J. Englander sold 68,004 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $43.38, for a total transaction of $2,950,013.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.40% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Copart, Inc. (CPRT) Shares Bought by Geode Capital Management LLC” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/copart-inc-cprt-shares-bought-by-geode-capital-management-llc.html.
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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).
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.