Gamco Investors INC. ET AL grew its position in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 100.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,940 shares of the business services provider’s stock after acquiring an additional 3,485 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Copart were worth $423,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Copart by 1.0% in the third quarter. Vanguard Group Inc. now owns 23,612,513 shares of the business services provider’s stock valued at $2,512,371,000 after purchasing an additional 245,063 shares during the period. Principal Financial Group Inc. grew its stake in Copart by 102.0% during the 4th quarter. Principal Financial Group Inc. now owns 21,909,960 shares of the business services provider’s stock worth $1,334,097,000 after purchasing an additional 11,063,518 shares in the last quarter. Geode Capital Management LLC grew its stake in Copart by 86.7% during the 4th quarter. Geode Capital Management LLC now owns 9,098,471 shares of the business services provider’s stock worth $553,041,000 after purchasing an additional 4,224,450 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Copart by 100.4% during the 4th quarter. JPMorgan Chase & Co. now owns 8,740,573 shares of the business services provider’s stock worth $532,215,000 after purchasing an additional 4,378,073 shares in the last quarter. Finally, Capital World Investors grew its stake in Copart by 1.0% during the 1st quarter. Capital World Investors now owns 4,840,297 shares of the business services provider’s stock worth $607,312,000 after purchasing an additional 48,523 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.
Copart Stock Up 0.5 %
CPRT traded up $0.40 on Monday, hitting $86.14. 655,489 shares of the company traded hands, compared to its average volume of 2,019,583. The company has a 50 day moving average of $81.28 and a 200-day moving average of $71.62. The stock has a market capitalization of $41.13 billion, a PE ratio of 36.12 and a beta of 1.23. Copart, Inc. has a 12-month low of $51.10 and a 12-month high of $89.79.
Analysts Set New Price Targets
A number of brokerages have issued reports on CPRT. StockNews.com began coverage on Copart in a report on Thursday, May 18th. They set a “buy” rating for the company. Stephens reissued an “overweight” rating and issued a $78.00 target price on shares of Copart in a report on Tuesday, February 21st. Robert W. Baird boosted their target price on Copart from $78.00 to $90.00 in a report on Thursday, May 18th. Northcoast Research downgraded Copart from a “buy” rating to a “neutral” rating in a report on Monday, May 1st. Finally, Guggenheim boosted their target price on Copart from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.
Insiders Place Their Bets
In related news, Director Steven D. Cohan sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $88.62, for a total value of $7,089,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Steven D. Cohan sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $88.62, for a total value of $7,089,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas N. Tryforos sold 143,100 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $88.39, for a total value of $12,648,609.00. Following the completion of the sale, the director now owns 16,900 shares in the company, valued at approximately $1,493,791. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 273,100 shares of company stock worth $24,091,209. Company insiders own 11.19% 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Copart (CPRT)
- Can Cardinal Health Fly Higher In 2023?
- DraftKings Stock, Is There Royally Good Upside Ahead?
- Disney Stock Could Double: Return To Historical Performance
- For AI Exposure, Try Global Artificial Intelligence ETF
- 3 Penny Stocks The Insiders Are Buying
Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Get Rating).
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.
