From MarketBeat:

M&T Bank Corp’s holdings in Copart, Inc. (NASDAQ:CPRT) grew by 90.8% in the third quarter, now owning 127,626 shares worth $5,499,000. Other institutional investors also increased their stakes in Copart, with insiders selling large amounts of stock. Despite this, Copart’s stock increased by 1.1%, posting a market cap of $46.76 billion.

Copart stock opened at $48.70 on Monday and is predicted to reach $45.50. The company reported revenue of $1.02 billion in the last quarter, exceeding estimates and expects to earn a total of 1.45 during the current year. In response, two analysts have issued a hold rating and five have rated the stock as a buy.

Copart, Inc. provides online auctions and vehicle remarketing services using a Virtual Bidding Third Generation Internet auction-style. Although currently ranked as a “Moderate Buy,” Copart is not currently listed among top analysts’ recommended stocks. They believe that there are better buys than Copart at this time.



Read more: M&T Bank Corp Buys 60,728 Shares of Copart, Inc. (NASDAQ:CPRT)