Signaturefd LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 110.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,600 shares of the business services provider’s stock after purchasing an additional 2,414 shares during the period. Signaturefd LLC’s holdings in Copart were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Advisors Inc. boosted its stake in Copart by 88.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 926 shares during the period. First Republic Investment Management Inc. boosted its stake in Copart by 10.1% during the 1st quarter. First Republic Investment Management Inc. now owns 10,111 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 931 shares during the period. Navellier & Associates Inc boosted its stake in Copart by 3.4% during the 1st quarter. Navellier & Associates Inc now owns 30,400 shares of the business services provider’s stock valued at $1,548,000 after purchasing an additional 994 shares during the period. BB&T Securities LLC boosted its stake in Copart by 9.0% during the 2nd quarter. BB&T Securities LLC now owns 13,081 shares of the business services provider’s stock valued at $739,000 after purchasing an additional 1,084 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Copart by 9.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,793 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 1,109 shares during the period. 80.30% of the stock is owned by hedge funds and other institutional investors.

In other Copart news, CFO Jeffrey Liaw sold 30,000 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $58.41, for a total transaction of $1,752,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William E. Franklin sold 90,000 shares of the business’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of $58.94, for a total transaction of $5,304,600.00. Following the sale, the insider now owns 107,462 shares in the company, valued at $6,333,810.28. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

A number of research firms have issued reports on CPRT. Gabelli reissued a “hold” rating on shares of Copart in a research note on Friday, May 25th. BidaskClub lowered shares of Copart from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered shares of Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Barrington Research reissued a “hold” rating on shares of Copart in a research note on Monday, May 28th. Finally, Stephens lowered shares of Copart from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.38.

CPRT stock opened at $64.83 on Friday. Copart, Inc. has a 52 week low of $32.27 and a 52 week high of $67.08. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 50.26, a P/E/G ratio of 1.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.27 and a current ratio of 2.33.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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