Shares of Copart Inc. (NASDAQ:CPRT) reached a new 52-week high on Thursday . The company traded as high as $53.70 and last traded at $52.49, with a volume of 280,159 shares traded. The stock had previously closed at $52.70.

A number of analysts have weighed in on CPRT shares. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Jefferies Group reiterated a “hold” rating on shares of Copart in a research note on Thursday, August 4th. Northcoast Research lowered Copart from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Copart from $43.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, May 27th. Six analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Copart currently has a consensus rating of “Hold” and an average target price of $51.75.

The company’s 50-day moving average is $50.61 and its 200 day moving average is $44.78. The stock has a market cap of $5.73 billion and a PE ratio of 26.921.

In other news, SVP Paul A. Styer sold 13,590 shares of Copart stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $49.39, for a total value of $671,210.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Steven D. Cohan sold 160,000 shares of Copart stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $48.85, for a total value of $7,816,000.00. Following the completion of the sale, the director now directly owns 40,012 shares in the company, valued at $1,954,586.20. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Copart stock. Morgan Stanley boosted its position in Copart Inc. (NASDAQ:CPRT) by 40.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 532,314 shares of the company’s stock after buying an additional 152,810 shares during the period. Morgan Stanley owned about 0.44% of Copart worth $20,233,000 at the end of the most recent reporting period.

Copart, Inc is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain and Brazil. The Company also provides vehicle remarketing services in Germany and Spain. It provides vehicle sellers with services to process and sell vehicles primarily over the Internet through its virtual bidding third generation Internet auction-style sales technology (VB3).

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