Concurrent Investment Advisors LLC Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

Concurrent Investment Advisors LLC decreased its position in Copart, Inc. (NASDAQ:CPRT) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,395 shares of the business services provider’s stock after selling 816 shares during the period. Concurrent Investment Advisors LLC’s holdings in Copart were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cadence Bank increased its stake in Copart by 0.6% in the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares during the last quarter. WASHINGTON TRUST Co increased its stake in shares of Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. increased its stake in shares of Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the last quarter. Burney Co. increased its stake in shares of Copart by 1.4% during the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock worth $812,000 after purchasing an additional 206 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Copart by 2.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock worth $524,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Up 1.1 %

Shares of CPRT stock opened at $53.52 on Wednesday. The company has a 50 day moving average of $52.52 and a 200-day moving average of $53.84. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The firm has a market cap of $51.50 billion, a P/E ratio of 37.69 and a beta of 1.28.

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.