Yorktown Management & Research Co Inc Purchases 4,700 Shares of Copart, Inc. (CPRT)

Yorktown Management & Research Co Inc raised its position in Copart, Inc. (NASDAQ:CPRT) by 100.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,400 shares of the business services provider’s stock after buying an additional 4,700 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Copart were worth $299,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in Copart by 103.6% in the 2nd quarter. BlackRock Inc. now owns 16,093,508 shares of the business services provider’s stock valued at $511,611,000 after buying an additional 8,189,852 shares during the period. William Blair Investment Management LLC increased its stake in Copart by 91.4% in the 2nd quarter. William Blair Investment Management LLC now owns 10,526,463 shares of the business services provider’s stock valued at $334,636,000 after buying an additional 5,025,918 shares during the period. Vanguard Group Inc. increased its stake in Copart by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 7,950,119 shares of the business services provider’s stock valued at $492,351,000 after buying an additional 290,275 shares during the period. Principal Financial Group Inc. increased its stake in Copart by 106.5% in the 2nd quarter. Principal Financial Group Inc. now owns 7,417,734 shares of the business services provider’s stock valued at $235,810,000 after buying an additional 3,826,242 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Copart by 127.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,556,532 shares of the business services provider’s stock valued at $208,433,000 after buying an additional 3,672,956 shares during the period. 79.78% of the stock is currently owned by institutional investors.

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Several brokerages have issued reports on CPRT. Jefferies Group LLC boosted their price objective on shares of Copart from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, May 30th. Zacks Investment Research lowered shares of Copart from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Copart currently has an average rating of “Hold” and a consensus target price of $47.75.

Shares of Copart, Inc. (CPRT) traded up 0.18% during midday trading on Friday, hitting $32.52. 2,028,500 shares of the company’s stock traded hands. Copart, Inc. has a 52 week low of $28.89 and a 52 week high of $63.14. The company has a 50 day moving average of $31.87 and a 200 day moving average of $37.54. The stock has a market cap of $7.49 billion, a P/E ratio of 18.77 and a beta of 1.19.

Copart 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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