Centiva Capital LP cut its holdings in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 63.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,886 shares of the business services provider’s stock after selling 60,076 shares during the quarter. Centiva Capital LP’s holdings in Copart were worth $1,828,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Optimum Investment Advisors grew its stake in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank purchased a new stake in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC increased its holdings in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Copart during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Trading Up 0.4 %
Shares of NASDAQ CPRT opened at $62.24 on Wednesday. The stock has a market cap of $59.97 billion, a P/E ratio of 43.83 and a beta of 1.31. The stock has a 50 day moving average of $55.26 and a two-hundred day moving average of $53.54. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $64.38.
Analysts Set New Price Targets
Several brokerages have recently weighed in on CPRT. Robert W. Baird cut their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.
View Our Latest Report on Copart
Insider Buying and Selling at Copart
In other news, Chairman A Jayson Adair sold 251,423 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $63.79, for a total value of $16,038,273.17. Following the transaction, the chairman now owns 14,436,557 shares of the company’s stock, valued at approximately $920,907,971.03. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.68% of the stock is owned by company insiders.
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.
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