Cwm LLC Has $1.79 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Cwm LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 12.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,111 shares of the business services provider’s stock after purchasing an additional 3,869 shares during the period. Cwm LLC’s holdings in Copart were worth $1,787,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cadence Bank raised its position in shares of Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after acquiring an additional 187 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust lifted its position in Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 200 shares during the period. Values First Advisors Inc. boosted its stake in shares of Copart by 2.9% in the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC grew its position in shares of Copart by 1.3% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after buying an additional 203 shares during the period. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Down 0.7 %

Shares of CPRT opened at $54.85 on Wednesday. The stock has a market cap of $52.78 billion, a P/E ratio of 38.63 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The stock’s 50-day moving average price is $51.98 and its two-hundred day moving average price is $53.33.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 firm had revenue of $1.07 billion for 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 firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts forecast 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.