Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Czech National Bank

Czech National Bank lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 7.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 178,387 shares of the business services provider’s stock after purchasing an additional 11,661 shares during the period. Czech National Bank’s holdings in Copart were worth $9,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Copart in the second quarter valued at approximately $4,785,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Copart by 16.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,808 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 259 shares during the last quarter. Cim LLC increased its stake in Copart by 47.3% during the second quarter. Cim LLC now owns 326,457 shares of the business services provider’s stock worth $16,163,000 after acquiring an additional 104,892 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Copart during the second quarter worth $2,427,000. Finally, HWG Holdings LP acquired a new stake in Copart during the second quarter worth $3,815,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Trading Up 1.4 %

CPRT stock traded up $0.71 during midday trading on Friday, hitting $52.90. 3,682,181 shares of the company’s stock were exchanged, compared to its average volume of 4,460,492. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The business has a 50-day simple moving average of $51.44 and a two-hundred day simple moving average of $53.52. The stock has a market capitalization of $50.91 billion, a PE ratio of 37.25 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released 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). 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 analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

About Copart

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.