Kinsale Capital Group Inc. boosted its holdings in Copart, Inc. (NASDAQ:CPRT – Free Report) by 22.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,425 shares of the business services provider’s stock after purchasing an additional 13,878 shares during the quarter. Copart makes up about 1.4% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 29th largest holding. Kinsale Capital Group Inc.’s holdings in Copart were worth $4,139,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Copart by 2.6% during the first quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock valued at $2,272,369,000 after acquiring an additional 1,009,053 shares during the period. Capital World Investors boosted its holdings in shares of Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after acquiring an additional 207,349 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after acquiring an additional 1,199,781 shares during the period. Norges Bank acquired a new position in shares of Copart during the fourth quarter valued at $463,262,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Copart by 4.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock valued at $403,867,000 after acquiring an additional 370,188 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.
Copart Stock Up 0.2 %
CPRT stock opened at $49.51 on Wednesday. The company has a market capitalization of $47.64 billion, a P/E ratio of 34.87 and a beta of 1.27. The company has a 50-day simple moving average of $52.11 and a 200 day simple moving average of $53.87. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird reduced their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.
View Our Latest Stock Report on Copart
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 Do S&P 500 Stocks Tell Investors About the Market?
- Matador Resources Insiders Keep Buying Its Stock, Should You?
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Oracle Can Turn the Magnificent 7 Into 8: Here’s Why
- Which Wall Street Analysts are the Most Accurate?
- Palantir Stock Is Up 14% on S&P 500 News: Is It Time to Buy?
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.