Copart (NASDAQ:CPRT – Get Rating) had its target price upped by Robert W. Baird from $68.00 to $74.00 in a research note issued on Friday, The Fly reports. Robert W. Baird’s target price points to a potential upside of 14.87% from the stock’s current price.
Several other analysts also recently issued reports on the stock. Stephens raised their price objective on shares of Copart to $72.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com downgraded shares of Copart from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th.
Copart Price Performance
Shares of NASDAQ CPRT opened at $64.42 on Friday. The company has a market cap of $30.67 billion, a P/E ratio of 28.82 and a beta of 1.16. Copart has a 1 year low of $51.10 and a 1 year high of $78.31. The firm has a 50-day simple moving average of $56.54 and a two-hundred day simple moving average of $57.71.
Institutional Trading of Copart
Several institutional investors and hedge funds have recently modified their holdings of the stock. Power Corp of Canada bought a new stake in shares of Copart during the third quarter valued at approximately $416,000. Industrial Alliance Investment Management Inc. increased its holdings in Copart by 3.9% during the third quarter. Industrial Alliance Investment Management Inc. now owns 14,815 shares of the business services provider’s stock valued at $1,576,000 after buying an additional 557 shares during the period. M&T Bank Corp increased its holdings in Copart by 1.1% during the third quarter. M&T Bank Corp now owns 39,987 shares of the business services provider’s stock valued at $4,256,000 after buying an additional 428 shares during the period. Glenmede Trust Co. NA increased its holdings in Copart by 85.6% during the third quarter. Glenmede Trust Co. NA now owns 4,743 shares of the business services provider’s stock valued at $504,000 after buying an additional 2,187 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Copart by 15.1% during the third quarter. Captrust Financial Advisors now owns 6,863 shares of the business services provider’s stock valued at $730,000 after buying an additional 898 shares during the period. Institutional investors own 80.92% of the company’s stock.
Copart Company Profile
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)
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