AMP Capital Investors Ltd raised its stake in Copart, Inc. (NASDAQ:CPRT) by 2,908.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,405 shares of the business services provider’s stock after buying an additional 139,605 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of Copart worth $8,167,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC bought a new position in Copart in the first quarter valued at approximately $111,000. Cornerstone Advisors Inc. lifted its stake in Copart by 88.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock valued at $112,000 after buying an additional 926 shares in the last quarter. Financial Architects Inc lifted its stake in Copart by 211.7% in the second quarter. Financial Architects Inc now owns 2,668 shares of the business services provider’s stock valued at $151,000 after buying an additional 1,812 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Copart by 1,457.5% in the second quarter. CENTRAL TRUST Co now owns 3,115 shares of the business services provider’s stock valued at $176,000 after buying an additional 2,915 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in Copart by 224.2% in the second quarter. Captrust Financial Advisors now owns 3,511 shares of the business services provider’s stock valued at $199,000 after buying an additional 2,428 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. BidaskClub raised shares of Copart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. Zacks Investment Research lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Stephens lowered shares of Copart from an “overweight” rating to an “equal weight” rating in a research report on Friday, May 18th. Gabelli reissued a “hold” rating on shares of Copart in a research report on Friday, May 25th. Finally, Barrington Research reissued a “hold” rating on shares of Copart in a research report on Monday, May 28th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $51.38.
In related news, insider William E. Franklin sold 90,000 shares of the business’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of $58.94, for a total transaction of $5,304,600.00. Following the transaction, the insider now directly owns 107,462 shares in the company, valued at $6,333,810.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeffrey Liaw sold 30,000 shares of the business’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $58.41, for a total transaction of $1,752,300.00. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.
Shares of CPRT stock opened at $66.03 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.27 and a current ratio of 2.33. The firm has a market capitalization of $15.43 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 1.35 and a beta of 0.94. Copart, Inc. has a 12 month low of $32.27 and a 12 month high of $67.08.
Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.
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