Mount Yale Investment Advisors LLC Has $2.07 Million Position in Copart, Inc. (NASDAQ:CPRT)

Mount Yale Investment Advisors LLC decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,212 shares of the business services provider’s stock after selling 2,003 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Copart were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of Copart during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. boosted its position in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of Copart by 98.6% during the 2nd 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. Meeder Asset Management Inc. boosted its position in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Copart by 477.7% during the 2nd 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. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price target 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.

Copart Price Performance

Shares of NASDAQ:CPRT opened at $51.44 on Friday. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 36.23 and a beta of 1.27. The firm has a 50 day simple moving average of $51.47 and a 200 day simple moving average of $53.71. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58.

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

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.