Chicago Partners Investment Group LLC Invests $319,000 in Copart, Inc. (NASDAQ:CPRT)

Chicago Partners Investment Group LLC acquired a new position in Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,220 shares of the business services provider’s stock, valued at approximately $319,000.

A number of other institutional investors have also made changes to their positions in CPRT. Private Advisor Group LLC increased its stake in shares of Copart by 1.8% in the first quarter. Private Advisor Group LLC now owns 24,417 shares of the business services provider’s stock worth $1,414,000 after purchasing an additional 424 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Copart by 365.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,071 shares of the business services provider’s stock worth $3,132,000 after purchasing an additional 42,455 shares during the period. Rehmann Capital Advisory Group increased its stake in Copart by 3.8% during the first quarter. Rehmann Capital Advisory Group now owns 7,126 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 258 shares during the period. Signaturefd LLC increased its stake in Copart by 4.0% during the first quarter. Signaturefd LLC now owns 16,831 shares of the business services provider’s stock valued at $975,000 after acquiring an additional 645 shares during the period. Finally, Blue Square Asset Management LLC bought a new position in Copart during the first quarter valued at about $212,000. 85.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 research note on Thursday, September 5th.

Copart Stock Up 0.8 %

Shares of CPRT opened at $52.89 on Wednesday. Copart, Inc. has a 12-month low of $45.50 and a 12-month high of $58.58. The firm has a market capitalization of $50.95 billion, a price-to-earnings ratio of 38.29 and a beta of 1.27. The stock’s 50-day moving average price is $52.26 and its 200 day moving average price is $52.99.

Copart (NASDAQ:CPRT) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’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 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.