Copart, Inc. (NASDAQ:CPRT) Stock Holdings Lessened by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,895 shares of the business services provider’s stock after selling 725 shares during the quarter. Bleakley Financial Group LLC’s holdings in Copart were worth $885,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nordea Investment Management AB boosted its position in shares of Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after purchasing an additional 636,438 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the period. Motco increased its position in shares of Copart by 6,085.7% in the first quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after acquiring an additional 10,224 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Copart during the first quarter valued at approximately $3,877,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Copart in the 2nd quarter valued at approximately $109,382,000. 85.78% of the stock is owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $53.88 on Monday. The stock has a market cap of $51.85 billion, a PE ratio of 37.94 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock’s 50-day moving average is $52.22 and its two-hundred day moving average is $53.29.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 EPS 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 for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.