Mutual of America Capital Management LLC Trims Position in Copart, Inc. (NASDAQ:CPRT)

Mutual of America Capital Management LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,381 shares of the business services provider’s stock after selling 4,222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Copart were worth $5,978,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Perpetual Ltd raised its holdings in Copart by 9.6% during the first quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after acquiring an additional 14,126 shares during the period. Nordea Investment Management AB grew its position in shares of Copart by 44.1% during the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after purchasing an additional 636,438 shares in the last quarter. Baird Financial Group Inc. raised its stake in Copart by 15.9% during the 4th quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock valued at $143,187,000 after purchasing an additional 400,940 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 10,959 shares in the last quarter. Finally, Motco boosted its stake in Copart by 6,085.7% in the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after purchasing an additional 10,224 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.7 %

NASDAQ:CPRT opened at $51.44 on Friday. The business’s 50-day moving average is $51.55 and its 200 day moving average is $53.73. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The company has a market capitalization of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research 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.