Brighton Jones LLC Buys 421 Shares of Copart, Inc. (NASDAQ:CPRT)

Brighton Jones LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,657 shares of the business services provider’s stock after acquiring an additional 421 shares during the quarter. Brighton Jones LLC’s holdings in Copart were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of Copart by 2.6% in the first quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after purchasing an additional 1,009,053 shares during the last quarter. Capital World Investors increased its position in shares of Copart by 1.0% in the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after acquiring an additional 207,349 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after acquiring an additional 1,199,781 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Copart by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock worth $427,807,000 after purchasing an additional 30,454 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Copart by 28.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $51.44 on Friday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The company’s 50-day moving average is $51.47 and its 200 day moving average is $53.71. The stock 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 announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

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.