Copart, Inc. (NASDAQ:CPRT) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 24.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 476,538 shares of the business services provider’s stock after selling 155,895 shares during the quarter. AQR Capital Management LLC’s holdings in Copart were worth $25,809,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CPRT. Rise Advisors LLC acquired a new stake in shares of Copart in the first quarter valued at $28,000. Pinnacle Bancorp Inc. raised its position in Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC raised its holdings 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 valued at $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $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.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 0.1 %

Shares of CPRT stock opened at $52.06 on Monday. The firm has a market cap of $50.10 billion, a PE ratio of 36.66 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The stock has a 50 day moving average of $51.38 and a 200-day moving average of $53.59.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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). 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 the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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.