Northwestern Mutual Wealth Management Co. Buys 6,548 Shares of Copart, Inc. (NASDAQ:CPRT)

Northwestern Mutual Wealth Management Co. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,159 shares of the business services provider’s stock after acquiring an additional 6,548 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Copart were worth $2,175,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in Copart in the first quarter worth approximately $28,000. Pinnacle Bancorp Inc. grew its holdings in shares of Copart by 79.6% in 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 period. Crewe Advisors LLC increased its position in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Meeder Asset Management Inc. increased its position in Copart by 283.3% during the second 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 boosted its position in Copart by 477.7% in the second 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 last quarter. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price target 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 Price Performance

Shares of CPRT stock opened at $52.90 on Friday. The company has a market cap of $50.91 billion, a price-to-earnings ratio of 37.25 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm has a fifty day moving average price of $51.44 and a 200-day moving average price of $53.52.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect 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.