4,300 Shares in Copart Inc. (CPRT) Acquired by TD Asset Management Inc.
TD Asset Management Inc. acquired a new position in shares of Copart Inc. (NASDAQ:CPRT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,300 shares of the company’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors also recently modified their holdings of CPRT. Lazard Asset Management LLC raised its position in shares of Copart by 50.3% in the first quarter. Lazard Asset Management LLC now owns 6,964,089 shares of the company’s stock worth $283,924,000 after buying an additional 2,330,220 shares in the last quarter. Norges Bank bought a new position in shares of Copart during the fourth quarter worth approximately $39,489,000. MIG Capital LLC raised its position in shares of Copart by 12.3% in the first quarter. MIG Capital LLC now owns 836,438 shares of the company’s stock worth $34,102,000 after buying an additional 91,746 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Copart by 1,216.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 786,168 shares of the company’s stock worth $38,530,000 after buying an additional 726,456 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Copart by 1.5% in the first quarter. Geode Capital Management LLC now owns 670,565 shares of the company’s stock worth $27,338,000 after buying an additional 10,107 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Copart Inc. (NASDAQ:CPRT) traded up 1.32% during mid-day trading on Tuesday, reaching $51.41. The company had a trading volume of 828,369 shares. Copart Inc. has a 12 month low of $32.26 and a 12 month high of $53.70. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 26.40 and a beta of 0.99. The firm’s 50-day moving average is $51.04 and its 200 day moving average is $46.61.
CPRT has been the topic of a number of analyst reports. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Jefferies Group reissued a “hold” rating on shares of Copart in a report on Thursday, August 4th. Susquehanna initiated coverage on Copart in a report on Thursday, August 25th. They set a “neutral” rating and a $53.00 price objective on the stock. Northcoast Research lowered Copart from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Finally, JPMorgan Chase & Co. increased their price objective on Copart from $43.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, May 27th. Eight investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $52.00.
In other news, SVP Paul A. Styer sold 7,640 shares of the business’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $49.26, for a total value of $376,346.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert H. Vannuccini sold 12,577 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $49.96, for a total value of $628,346.92. Following the completion of the sale, the senior vice president now owns 9,703 shares in the company, valued at $484,761.88. The disclosure for this sale can be found here. Company insiders own 19.40% of the company’s stock.
Copart Company Profile
Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).
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