Buckhead Capital Management LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 57.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,516 shares of the business services provider’s stock after buying an additional 1,286 shares during the period. Buckhead Capital Management LLC’s holdings in Copart were worth $447,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Copart during the third quarter valued at about $852,000. International Assets Investment Management LLC purchased a new position in shares of Copart during the fourth quarter worth about $30,000. Phoenix Wealth Advisors purchased a new position in shares of Copart during the fourth quarter worth about $32,000. Anderson Fisher LLC purchased a new position in shares of Copart during the third quarter worth about $34,000. Finally, Planned Solutions Inc. purchased a new position in shares of Copart during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.
Shares of CPRT stock opened at $112.53 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.72 and a current ratio of 2.79. Copart, Inc. has a fifty-two week low of $55.69 and a fifty-two week high of $130.96. The stock has a 50 day moving average price of $116.81 and a two-hundred day moving average price of $112.76. The company has a market capitalization of $26.57 billion, a P/E ratio of 39.48, a PEG ratio of 2.87 and a beta of 1.03.
CPRT has been the subject of several recent analyst reports. Truist boosted their price objective on Copart from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, November 12th. Northcoast Research raised Copart from a “neutral” rating to a “buy” rating in a report on Friday, February 5th. BNP Paribas initiated coverage on Copart in a report on Monday, December 7th. They set an “outperform” rating for the company. Exane BNP Paribas started coverage on Copart in a report on Monday, December 7th. They set an “outperform” rating for the company. Finally, Barrington Research reaffirmed a “hold” rating on shares of Copart in a research note on Monday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $105.20.
In other Copart news, Director Daniel J. Englander sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 5th. The stock was sold at an average price of $119.76, for a total value of $4,191,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.61% of the company’s stock.
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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