Gryphon Financial Partners LLC raised its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 82.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,671 shares of the business services provider’s stock after acquiring an additional 3,462 shares during the period. Gryphon Financial Partners LLC’s holdings in Copart were worth $415,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cadence Bank raised its stake in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 187 shares in the last quarter. WASHINGTON TRUST Co raised its stake in shares of Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares in the last quarter. Spinnaker Trust raised its stake in shares of Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares in the last quarter. Values First Advisors Inc. raised its stake in shares of Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares in the last quarter. Finally, Burney Co. raised its stake in shares of Copart by 1.4% during the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock worth $812,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.
Copart Trading Up 0.2 %
CPRT stock opened at $49.51 on Wednesday. The firm has a market capitalization of $47.64 billion, a PE ratio of 34.87 and a beta of 1.27. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The business’s 50 day simple moving average is $52.11 and its 200 day simple moving average is $53.87.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird dropped their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.
Get Our Latest Stock Report on CPRT
About Copart
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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