MGO One Seven LLC Acquires 3,710 Shares of Copart, Inc. (NASDAQ:CPRT)

MGO One Seven LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 31.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,639 shares of the business services provider’s stock after purchasing an additional 3,710 shares during the quarter. MGO One Seven LLC’s holdings in Copart were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Copart during the first quarter valued at approximately $28,000. Pinnacle Bancorp Inc. boosted its position in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in Copart in the first quarter worth $36,000. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

CPRT stock opened at $50.23 on Friday. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The business has a fifty day moving average price of $51.85 and a 200-day moving average price of $53.79. The stock has a market capitalization of $48.34 billion, a P/E ratio of 35.37 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

Copart Company 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.