APG Asset Management N.V. Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

APG Asset Management N.V. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 717,870 shares of the business services provider’s stock after acquiring an additional 100,334 shares during the period. APG Asset Management N.V.’s holdings in Copart were worth $36,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CPRT. Gilbert & Cook Inc. raised its stake in shares of Copart by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 469 shares during the last quarter. Gryphon Financial Partners LLC purchased a new position in Copart during the 4th quarter worth $114,000. D.A. Davidson & CO. acquired a new stake in shares of Copart in the 4th quarter worth $409,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of 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 valued at $2,153,000 after acquiring an additional 3,241 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Copart by 4.6% during the fourth quarter. Parallel Advisors LLC now owns 12,163 shares of the business services provider’s stock worth $596,000 after acquiring an additional 531 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of NASDAQ CPRT opened at $52.06 on Friday. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The firm has a market capitalization of $50.10 billion, a P/E ratio of 36.66 and a beta of 1.27. The company’s fifty day moving average is $51.38 and its two-hundred day moving average is $53.62.

Copart (NASDAQ:CPRT) last released its quarterly earnings data 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 return on equity of 19.55% and a net margin of 32.17%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal 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.