Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 68.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,840 shares of the business services provider’s stock after purchasing an additional 14,158 shares during the period. Public Sector Pension Investment Board’s holdings in Copart were worth $1,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Copart during the 1st quarter worth about $28,000. Pinnacle Bancorp Inc. boosted 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 worth $31,000 after acquiring an additional 234 shares during the last quarter. Crewe Advisors LLC grew its stake in Copart by 98.6% in 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 during the period. Meeder Asset Management Inc. raised its holdings in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake 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 purchasing an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lowered their price objective 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 Stock Performance

Copart stock opened at $52.40 on Tuesday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm has a 50 day moving average price of $51.37 and a 200 day moving average price of $53.56. The company has a market cap of $50.42 billion, a price-to-earnings ratio of 36.90 and a beta of 1.27.

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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict 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.