Epoch Investment Partners Inc. Has $152.78 Million Position in Copart, Inc. (NASDAQ:CPRT)

Epoch Investment Partners Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.0% in the second quarter, Holdings Channel.com reports. The fund owned 2,820,835 shares of the business services provider’s stock after buying an additional 29,098 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Copart were worth $152,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Copart by 116.1% during the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock worth $857,718,000 after purchasing an additional 7,956,043 shares during the period. TD Asset Management Inc grew its position in shares of Copart by 258.1% during the 4th quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock worth $166,250,000 after buying an additional 2,445,440 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Copart in the 2nd quarter valued at about $109,382,000. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 1,500,466 shares during the last quarter. Finally, Principal Financial Group Inc. raised 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 acquiring an additional 1,009,053 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

NASDAQ CPRT opened at $51.44 on Friday. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The firm has a market cap of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. The stock’s 50-day moving average is $51.47 and its 200-day moving average is $53.71.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results 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 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 period in the previous year, the firm posted $0.34 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate 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.