Blue Zone Wealth Advisors LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT – Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,928 shares of the business services provider’s stock after purchasing an additional 2,383 shares during the quarter. Copart makes up 1.7% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Copart were worth $4,919,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new position in Copart in the 1st quarter valued at about $28,000. Pinnacle Bancorp Inc. grew its stake in Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares during the period. Fortitude Family Office LLC acquired a new position in Copart in the 4th quarter valued at $34,000. Indiana Trust & Investment Management CO purchased a new position in shares of Copart during the 1st quarter worth $36,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Copart in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.
Copart Trading Down 1.1 %
Shares of CPRT traded down $0.60 during mid-day trading on Friday, reaching $54.16. The company had a trading volume of 25,202,544 shares, compared to its average volume of 3,783,684. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock has a market cap of $52.12 billion, a price-to-earnings ratio of 38.14 and a beta of 1.26. The firm has a fifty day simple moving average of $54.27 and a 200-day simple moving average of $52.61.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their target price on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Copart presently has an average rating of “Hold” and a consensus target price of $51.00.
Check Out Our Latest Stock Analysis on CPRT
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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
Featured Articles
- Five stocks we like better than Copart
- What is the S&P 500 and How It is Distinct from Other Indexes
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- What is Forex and How Does it Work?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- MarketBeat Week in Review – 6/24 – 6/28
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 – Free Report).
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.