Capital Fund Management S.A. Invests $4.18 Million in Copart, Inc. (CPRT)
Capital Fund Management S.A. acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 131,468 shares of the business services provider’s stock, valued at approximately $4,179,000. Capital Fund Management S.A. owned 0.06% of Copart as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Copart by 37.7% in the 1st quarter. Russell Investments Group Ltd. now owns 190,831 shares of the business services provider’s stock valued at $11,818,000 after buying an additional 52,250 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Copart by 9.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 83,540 shares of the business services provider’s stock valued at $5,174,000 after buying an additional 6,968 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Copart by 6.4% in the 1st quarter. Advisors Asset Management Inc. now owns 8,727 shares of the business services provider’s stock valued at $540,000 after buying an additional 524 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Copart in the 1st quarter valued at $235,000. Finally, Bank of New York Mellon Corp increased its stake in Copart by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,619,898 shares of the business services provider’s stock valued at $100,320,000 after buying an additional 61,649 shares during the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Copart from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $33.00 price target on shares of Copart in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.75.
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Shares of Copart, Inc. (CPRT) opened at 32.60 on Tuesday. Copart, Inc. has a 52 week low of $24.71 and a 52 week high of $33.10. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 18.81 and a beta of 1.19. The firm has a 50-day moving average of $31.77 and a 200 day moving average of $38.04.
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.
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