Waterloo Capital L.P. Purchases 1,517 Shares of Copart, Inc. (NASDAQ:CPRT)

Waterloo Capital L.P. grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,448 shares of the business services provider’s stock after purchasing an additional 1,517 shares during the period. Waterloo Capital L.P.’s holdings in Copart were worth $1,595,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CPRT. Rise Advisors LLC purchased a new position in shares of Copart in the first quarter worth about $28,000. Pinnacle Bancorp Inc. increased its holdings in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the period. Crewe Advisors LLC increased its holdings in shares of 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 buying an additional 280 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $51.00 on Thursday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The company has a market cap of $49.08 billion, a PE ratio of 35.92 and a beta of 1.27. The stock’s 50-day moving average is $51.68 and its 200 day moving average is $53.76.

Copart (NASDAQ:CPRT) last announced its quarterly 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 business had revenue of $1.07 billion for 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% on a year-over-year basis. Analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Copart

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.