DnB Asset Management AS boosted its holdings in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 44,605 shares of the business services provider’s stock after purchasing an additional 322 shares during the quarter. DnB Asset Management AS’s holdings in Copart were worth $4,847,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPRT. Norges Bank purchased a new stake in shares of Copart during the 4th quarter worth approximately $279,931,000. Principal Financial Group Inc. raised its holdings in shares of Copart by 19.5% during the 1st quarter. Principal Financial Group Inc. now owns 9,516,210 shares of the business services provider’s stock worth $1,194,000,000 after acquiring an additional 1,552,884 shares in the last quarter. Boston Partners purchased a new stake in shares of Copart during the 1st quarter worth approximately $137,142,000. Flossbach Von Storch AG raised its holdings in shares of Copart by 759.1% during the 1st quarter. Flossbach Von Storch AG now owns 781,744 shares of the business services provider’s stock worth $98,085,000 after acquiring an additional 690,744 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Copart by 9.6% during the 4th quarter. Alliancebernstein L.P. now owns 7,591,312 shares of the business services provider’s stock worth $1,150,995,000 after acquiring an additional 667,084 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.
Copart Stock Performance
NASDAQ:CPRT opened at $111.09 on Tuesday. The stock’s fifty day moving average is $121.76 and its 200 day moving average is $117.81. Copart, Inc. has a fifty-two week low of $102.21 and a fifty-two week high of $161.12. The firm has a market capitalization of $26.40 billion, a PE ratio of 24.52 and a beta of 1.16.
Analysts Set New Price Targets
Several analysts have recently issued reports on CPRT shares. Robert W. Baird decreased their price objective on Copart from $150.00 to $135.00 in a report on Friday, September 9th. Stephens decreased their price target on Copart to $141.00 in a report on Tuesday, September 13th.
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
- Get a free copy of the StockNews.com research report on Copart (CPRT)
- Oracle’s Short-Term Pain Could Be Your Long-Term Gain
- Lucid is Looking Like a Clear EV Winner
- Still Lovin’ It: Investors Keep Visiting McDonald’s
- Did FedEx Just Deliver A Buying Opportunity?
- Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight
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.