Federated Investors Inc. PA boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 104.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,642 shares of the business services provider’s stock after buying an additional 148,231 shares during the period. Federated Investors Inc. PA owned approximately 0.13% of Copart worth $9,208,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. purchased a new stake in Copart during the second quarter valued at $100,000. Parallel Advisors LLC increased its stake in Copart by 115.6% in the first quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,327 shares during the last quarter. Huntington National Bank increased its stake in Copart by 167.2% in the first quarter. Huntington National Bank now owns 2,381 shares of the business services provider’s stock valued at $148,000 after buying an additional 1,490 shares during the last quarter. Smithfield Trust Co. increased its stake in Copart by 104.8% in the second quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock valued at $171,000 after buying an additional 2,749 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Copart during the first quarter valued at $200,000. 79.78% of the stock is owned by institutional investors and hedge funds.

Shares of Copart, Inc. (CPRT) opened at 31.39 on Tuesday. Copart, Inc. has a one year low of $24.71 and a one year high of $32.43. The company’s 50 day moving average price is $31.49 and its 200 day moving average price is $40.18. The firm has a market capitalization of $7.23 billion, a P/E ratio of 18.11 and a beta of 1.22.

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Several research firms have recently weighed in on CPRT. Jefferies Group LLC increased their price objective on Copart from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, May 30th. Zacks Investment Research downgraded Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Copart presently has an average rating of “Hold” and a consensus target price of $47.75.

About Copart

Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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