Argent Capital Management LLC Has $81.13 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Argent Capital Management LLC trimmed its stake in Copart, Inc. (NASDAQ:CPRT) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,497,889 shares of the business services provider’s stock after selling 13,764 shares during the period. Copart accounts for about 2.4% of Argent Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Argent Capital Management LLC owned approximately 0.16% of Copart worth $81,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HMS Capital Management LLC lifted its position in Copart by 5.9% during the 2nd quarter. HMS Capital Management LLC now owns 28,941 shares of the business services provider’s stock worth $1,567,000 after acquiring an additional 1,607 shares during the last quarter. &PARTNERS bought a new position in shares of Copart in the second quarter worth about $730,000. 1620 Investment Advisors Inc. bought a new position in shares of Copart in the second quarter worth about $158,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Copart during the 2nd quarter worth about $444,000. Finally, MFA Wealth Advisors LLC boosted its stake in Copart by 2.4% during the 2nd quarter. MFA Wealth Advisors LLC now owns 48,211 shares of the business services provider’s stock valued at $2,611,000 after purchasing an additional 1,143 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Trading Up 1.0 %

NASDAQ:CPRT traded up $0.52 during trading hours on Friday, hitting $52.76. 2,126,029 shares of the company traded hands, compared to its average volume of 4,422,644. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The firm has a 50-day moving average of $52.77 and a 200 day moving average of $53.66. The stock has a market capitalization of $50.77 billion, a price-to-earnings ratio of 37.15 and a beta of 1.28.

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.