Northeast Investment Management Decreases Stake in Copart, Inc. (NASDAQ:CPRT)

Northeast Investment Management lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 24.3% in the 2nd quarter, Holdings Channel reports. The firm owned 5,624 shares of the business services provider’s stock after selling 1,804 shares during the period. Northeast Investment Management’s holdings in Copart were worth $305,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Perpetual Ltd grew its holdings in Copart by 9.6% during the first quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after purchasing an additional 14,126 shares during the period. Nordea Investment Management AB lifted its position in shares of Copart by 44.1% in the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after acquiring an additional 636,438 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Copart by 15.9% in the fourth quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock valued at $143,187,000 after acquiring an additional 400,940 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 10,959 shares in the last quarter. Finally, Motco lifted its position in shares of Copart by 6,085.7% in the first quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after acquiring an additional 10,224 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Up 1.2 %

Shares of Copart stock opened at $53.21 on Thursday. The stock’s 50-day simple moving average is $52.65 and its 200-day simple moving average is $53.72. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58. The company has a market capitalization of $51.20 billion, a price-to-earnings ratio of 37.47 and a beta of 1.28.

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.