Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 267.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 144,522 shares of the business services provider’s stock after purchasing an additional 105,181 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Copart were worth $7,827,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Gilbert & Cook Inc. increased its position in Copart by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock valued at $1,399,000 after acquiring an additional 469 shares during the period. Gryphon Financial Partners LLC acquired a new position in shares of Copart during the fourth quarter valued at $114,000. D.A. Davidson & CO. bought a new stake in shares of Copart during the fourth quarter valued at about $409,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Copart by 8.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 43,931 shares of the business services provider’s stock worth $2,153,000 after purchasing an additional 3,241 shares during the period. Finally, Parallel Advisors LLC grew its position in Copart by 4.6% in the 4th quarter. Parallel Advisors LLC now owns 12,163 shares of the business services provider’s stock valued at $596,000 after buying an additional 531 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Performance

CPRT opened at $52.11 on Friday. The company has a market capitalization of $50.15 billion, a PE ratio of 36.70 and a beta of 1.27. The stock’s fifty day moving average is $51.37 and its 200-day moving average is $53.64. 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 results 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 business 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%. Copart’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped 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 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.