Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,326,381 shares of the business services provider’s stock after buying an additional 87,718 shares during the period. Dimensional Fund Advisors LP’s holdings in Copart were worth $126,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of CPRT. Rise Advisors LLC purchased a new stake in shares of Copart during the first quarter worth approximately $28,000. Pinnacle Bancorp Inc. lifted its position in Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares in the last quarter. Crewe Advisors LLC increased its stake in shares of Copart by 98.6% in 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 during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% in the second 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 during the period. Finally, Versant Capital Management Inc grew its stake in shares of 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 buying an additional 492 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

Shares of CPRT opened at $51.44 on Monday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The stock has a market capitalization of $49.50 billion, a PE ratio of 36.23 and a beta of 1.27. The stock has a 50-day simple moving average of $51.47 and a 200-day simple moving average of $53.70.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Analysts predict that Copart, Inc. will post 1.54 EPS for the current 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.