Copart, Inc. (NASDAQ:CPRT) Shares Bought by New Century Financial Group LLC

New Century Financial Group LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 22.8% during the third quarter, HoldingsChannel.com reports. The firm owned 5,189 shares of the business services provider’s stock after purchasing an additional 962 shares during the period. New Century Financial Group LLC’s holdings in Copart were worth $272,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors grew its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC boosted its stake 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 worth $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. increased its stake 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 purchasing an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in 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 purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $53.88 on Monday. The firm’s 50-day moving average is $52.22 and its two-hundred day moving average is $53.29. The company has a market capitalization of $51.85 billion, a PE ratio of 37.94 and a beta of 1.27. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. On average, analysts forecast 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.