Brown Advisory Inc. purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, HoldingsChannel.com reports. The firm purchased 71,484 shares of the business services provider’s stock, valued at approximately $4,043,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new position in Copart during the second quarter valued at approximately $4,432,000. Kaizen Advisory LLC grew its position in Copart by 299.5% during the second quarter. Kaizen Advisory LLC now owns 24,004 shares of the business services provider’s stock valued at $1,358,000 after acquiring an additional 17,996 shares during the last quarter. Sigma Planning Corp grew its position in Copart by 37.4% during the second quarter. Sigma Planning Corp now owns 58,870 shares of the business services provider’s stock valued at $3,330,000 after acquiring an additional 16,010 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Copart by 28.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,058 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 1,551 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Copart by 4.6% during the second quarter. Whittier Trust Co. now owns 67,151 shares of the business services provider’s stock valued at $3,798,000 after acquiring an additional 2,961 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

A number of research analysts have commented on the stock. Gabelli reiterated a “hold” rating on shares of Copart in a research report on Friday, May 25th. ValuEngine upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, July 17th. BidaskClub upgraded shares of Copart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Finally, Barrington Research reiterated a “hold” rating on shares of Copart in a research report on Tuesday, May 22nd. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Copart has a consensus rating of “Buy” and a consensus price target of $51.38.

In other news, CEO A Jayson Adair sold 200,000 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $57.47, for a total transaction of $11,494,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Tryforos sold 140,000 shares of the stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $57.51, for a total value of $8,051,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 640,000 shares of company stock valued at $36,991,100. Insiders own 16.40% of the company’s stock.

NASDAQ:CPRT opened at $64.90 on Wednesday. The company has a market cap of $14.94 billion, a PE ratio of 50.31, a P/E/G ratio of 1.31 and a beta of 0.94. Copart, Inc. has a fifty-two week low of $31.81 and a fifty-two week high of $65.06. The company has a quick ratio of 2.27, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

Featured Story: What is the NASDAQ?

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).

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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.