Copart, Inc. (NASDAQ:CPRT) Position Trimmed by Andra AP fonden

Andra AP fonden lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,200 shares of the business services provider’s stock after selling 9,900 shares during the period. Andra AP fonden’s holdings in Copart were worth $2,719,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gilbert & Cook Inc. lifted its holdings in shares of Copart by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 469 shares during the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Copart in the fourth quarter worth about $114,000. Avantax Advisory Services Inc. increased its position in shares of Copart by 44.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,816 shares of the business services provider’s stock worth $383,000 after acquiring an additional 2,414 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Copart by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 360,504 shares of the business services provider’s stock worth $17,665,000 after acquiring an additional 12,745 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Copart by 5.4% during the fourth quarter. Quadrant Capital Group LLC now owns 7,418 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 379 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ:CPRT opened at $49.47 on Friday. The stock’s 50-day moving average is $51.93 and its two-hundred day moving average is $53.81. The stock has a market cap of $47.60 billion, a PE ratio of 34.84 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.34 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird decreased their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

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.