Dorsey Wright & Associates boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 88.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,666 shares of the business services provider’s stock after purchasing an additional 27,972 shares during the quarter. Dorsey Wright & Associates’ holdings in Copart were worth $1,897,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. TIAA CREF Investment Management LLC boosted its holdings in Copart by 176.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,893,361 shares of the business services provider’s stock worth $60,190,000 after purchasing an additional 1,209,545 shares during the period. Teachers Advisors LLC boosted its holdings in Copart by 219.7% in the second quarter. Teachers Advisors LLC now owns 643,645 shares of the business services provider’s stock worth $20,461,000 after purchasing an additional 442,346 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Copart by 100.3% in the second quarter. Stephens Investment Management Group LLC now owns 118,112 shares of the business services provider’s stock worth $3,755,000 after purchasing an additional 59,157 shares during the period. Stephens Inc. AR boosted its holdings in Copart by 153.2% in the second quarter. Stephens Inc. AR now owns 13,534 shares of the business services provider’s stock worth $430,000 after purchasing an additional 8,189 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in Copart by 158.0% in the second quarter. Riverhead Capital Management LLC now owns 27,351 shares of the business services provider’s stock worth $869,000 after purchasing an additional 16,751 shares during the period. 79.78% of the stock is owned by hedge funds and other institutional investors.

Copart, Inc. (NASDAQ CPRT) traded up 1.39% during midday trading on Wednesday, reaching $32.82. The company’s stock had a trading volume of 789,024 shares. The firm has a 50 day moving average price of $31.79 and a 200 day moving average price of $38.00. Copart, Inc. has a 1-year low of $24.71 and a 1-year high of $33.10. The firm has a market capitalization of $7.56 billion, a PE ratio of 18.94 and a beta of 1.19.

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A number of research firms have commented on CPRT. Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Copart in a report on Thursday, July 6th. Zacks Investment Research downgraded shares of Copart from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Copart Company Profile

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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