Vanguard Group Inc. significantly increased its stake in Copart, Inc. (NASDAQ:CPRT) by 2.4% in Q3, now holding 108,990,652 shares valued at approximately $4.90 billion, representing about 11.26% of the company. Despite analyst ratings being mixed with a “Moderate Buy” consensus and a $47.60 price target, some insiders have recently sold shares, with institutional investors owning 85.78% and insiders holding 9.60% of the company. Copart, a global provider of online vehicle auction services, last reported Q3 EPS of $0.41, beating estimates, with revenues up 0.7% year-over-year.
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Vanguard Group Inc. Has $4.90 Billion Position in Copart, Inc. $CPRT
Vanguard Group Inc. significantly increased its stake in Copart, Inc. (NASDAQ:CPRT) by 2.4% in Q3, now holding 108,990,652 shares valued at approximately $4.90 billion, representing about 11.26% of the company. Despite analyst ratings being mixed with a “Moderate Buy” consensus and a $47.60 price target, some insiders have recently sold shares, with institutional investors owning 85.78% and insiders holding 9.60% of the company. Copart, a global provider of online vehicle auction services, last reported Q3 EPS of $0.41, beating estimates, with revenues up 0.7% year-over-year.