Trilogy Capital Inc. lifted its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 41.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 28,469 shares of the business services provider’s stock after buying an additional 8,273 shares during the quarter. Trilogy Capital Inc.’s holdings in Copart were worth $1,492,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. New Century Financial Group LLC lifted its holdings in Copart by 22.8% in the third quarter. New Century Financial Group LLC now owns 5,189 shares of the business services provider’s stock worth $272,000 after acquiring an additional 962 shares during the last quarter. McBroom & Associates LLC raised its position in shares of Copart by 0.5% during the 3rd quarter. McBroom & Associates LLC now owns 152,595 shares of the business services provider’s stock worth $7,996,000 after purchasing an additional 762 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Copart by 22.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 30,876 shares of the business services provider’s stock worth $1,618,000 after purchasing an additional 5,697 shares during the last quarter. Net Worth Advisory Group acquired a new position in Copart during the 3rd quarter valued at approximately $669,000. Finally, Stonegate Investment Group LLC grew its stake in Copart by 4.9% during the 3rd quarter. Stonegate Investment Group LLC now owns 5,673 shares of the business services provider’s stock worth $297,000 after buying an additional 264 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.
Copart Price Performance
NASDAQ CPRT opened at $52.56 on Tuesday. The company’s fifty day moving average is $52.22 and its two-hundred day moving average is $53.26. The firm has a market capitalization of $50.58 billion, a price-to-earnings ratio of 37.01 and a beta of 1.27. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58.
Wall Street Analyst Weigh In
Separately, Robert W. Baird lowered their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.
Read Our Latest Research Report on Copart
About Copart
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.
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