Copart, Inc. (NASDAQ:CPRT) Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its position in Copart, Inc. (NASDAQ:CPRT) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,008 shares of the business services provider’s stock after selling 1,068 shares during the quarter. Profund Advisors LLC’s holdings in Copart were worth $4,550,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Copart by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock valued at $2,272,369,000 after purchasing an additional 1,009,053 shares during the period. Capital World Investors boosted its position in shares of Copart by 1.0% in the 4th quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after purchasing an additional 207,349 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Copart by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after purchasing an additional 1,199,781 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after purchasing an additional 30,454 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Trading Down 0.7 %

Copart stock opened at $51.44 on Friday. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The stock has a 50 day moving average of $51.47 and a two-hundred day moving average of $53.71. The stock has a market capitalization of $49.50 billion, a price-to-earnings ratio of 36.23 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased 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.

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.