Raymond James Trust N.A. increased its stake in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,810 shares of the business services provider's stock after purchasing an additional 96 shares during the quarter. Raymond James Trust N.A.'s holdings in Copart were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Highland Private Wealth Management boosted its holdings in Copart by 4.3% in the second quarter. Highland Private Wealth Management now owns 2,234 shares of the business services provider's stock worth $243,000 after purchasing an additional 93 shares during the last quarter. Avestar Capital LLC raised its position in Copart by 1.9% in the first quarter. Avestar Capital LLC now owns 4,965 shares of the business services provider's stock worth $623,000 after acquiring an additional 94 shares during the period. ICICI Prudential Asset Management Co Ltd raised its position in Copart by 16.4% in the first quarter. ICICI Prudential Asset Management Co Ltd now owns 681 shares of the business services provider's stock worth $87,000 after acquiring an additional 96 shares during the period. Wetherby Asset Management Inc. raised its position in Copart by 2.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,990 shares of the business services provider's stock worth $605,000 after acquiring an additional 98 shares during the period. Finally, American National Bank raised its position in Copart by 58.2% in the first quarter. American National Bank now owns 280 shares of the business services provider's stock worth $35,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Copart Price Performance

Shares of CPRT stock opened at $106.61 on Tuesday. The company has a market capitalization of $25.34 billion, a price-to-earnings ratio of 23.53 and a beta of 1.16. Copart, Inc. has a one year low of $102.21 and a one year high of $161.12. The company's fifty day moving average price is $121.11 and its 200-day moving average price is $117.59.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Copart from $150.00 to $135.00 in a research report on Friday, September 9th. Stephens decreased their price target on shares of Copart to $141.00 in a research report on Tuesday, September 13th.

About Copart

(Get Rating)

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.

See Also

• Get a free copy of the StockNews.com research report on Copart (CPRT)
• MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Is the Market Overreacting with Shopify Stock?
• MO Money: Why Altria Group Stock is Rallying
• Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Three Consumer Stocks That Could Outperform In Q4

Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT – Get Rating).

Receive News & Ratings for Copart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Copart and related companies with MarketBeat.com's FREE daily email newsletter.