Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Copart, Inc. (NASDAQ:CPRT)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,333 shares of the business services provider’s stock after purchasing an additional 6,224 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Copart were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. increased its holdings in shares of Copart by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock valued at $2,272,369,000 after purchasing an additional 1,009,053 shares in the last quarter. Capital World Investors grew its position in Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after buying an additional 207,349 shares during the period. Bank of New York Mellon Corp increased its holdings in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after buying an additional 1,199,781 shares in the last quarter. Norges Bank acquired a new position in shares of Copart in the fourth quarter worth about $463,262,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Copart by 4.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock worth $403,867,000 after acquiring an additional 370,188 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Up 1.1 %

Shares of Copart stock opened at $52.96 on Friday. The firm has a market cap of $50.96 billion, a PE ratio of 37.30 and a beta of 1.28. The business has a 50-day moving average price of $52.60 and a 200 day moving average price of $53.76. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart 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.