Legal & General Group Plc raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 136.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,957 shares of the business services provider’s stock after buying an additional 109,773 shares during the period. Legal & General Group Plc owned about 0.08% of Copart worth $6,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank boosted its position in Copart by 12.7% during the first quarter. Comerica Bank now owns 86,533 shares of the business services provider’s stock valued at $2,698,000 after buying an additional 9,735 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Copart during the first quarter valued at about $254,000. Oppenheimer Asset Management Inc. purchased a new stake in Copart during the first quarter valued at about $1,294,000. State Street Corp boosted its position in Copart by 4.7% during the first quarter. State Street Corp now owns 2,710,207 shares of the business services provider’s stock valued at $167,843,000 after buying an additional 120,457 shares during the period. Finally, Stifel Financial Corp boosted its position in Copart by 10.0% during the first quarter. Stifel Financial Corp now owns 77,068 shares of the business services provider’s stock valued at $4,770,000 after buying an additional 7,014 shares during the period. Institutional investors and hedge funds own 79.77% of the company’s stock.

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

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Shares of Copart, Inc. (CPRT) opened at 32.13 on Friday. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.54 and a beta of 1.19. Copart, Inc. has a 52-week low of $24.71 and a 52-week high of $33.10. The firm’s 50-day moving average is $31.74 and its 200 day moving average is $38.54.

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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