Nationwide Fund Advisors raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 31.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 824,592 shares of the business services provider’s stock after buying an additional 196,880 shares during the quarter. Nationwide Fund Advisors owned about 0.36% of Copart worth $26,214,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. purchased a new position in Copart during the second quarter valued at $100,000. Parallel Advisors LLC raised its position in shares of Copart by 115.6% in the 1st quarter. Parallel Advisors LLC now owns 4,340 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,327 shares during the last quarter. Smithfield Trust Co. raised its position in shares of Copart by 104.8% in the 2nd quarter. Smithfield Trust Co. now owns 5,371 shares of the business services provider’s stock worth $171,000 after purchasing an additional 2,749 shares during the last quarter. Huntington National Bank raised its position in shares of Copart by 136.5% in the 2nd quarter. Huntington National Bank now owns 5,630 shares of the business services provider’s stock worth $179,000 after purchasing an additional 3,249 shares during the last quarter. Finally, CAPROCK Group Inc. purchased a new position in shares of Copart in the 2nd quarter worth about $200,000. 79.78% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Nationwide Fund Advisors Purchases 196,880 Shares of Copart, Inc. (CPRT)” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/17/nationwide-fund-advisors-purchases-196880-shares-of-copart-inc-cprt.html.

CPRT has been the subject of several recent analyst reports. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target on shares of Copart in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Copart has an average rating of “Hold” and an average target price of $47.75.

Copart, Inc. (CPRT) opened at 32.52 on Friday. Copart, Inc. has a 52-week low of $28.89 and a 52-week high of $63.14. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 18.77 and a beta of 1.19. The stock has a 50 day moving average price of $31.87 and a 200 day moving average price of $37.54.

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.

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 & Stock Ratings for Copart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart Inc. and related stocks with our FREE daily email newsletter.