Private Advisor Group LLC Purchases 230 Shares of Copart, Inc. (NASDAQ:CPRT)

Private Advisor Group LLC raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,011 shares of the business services provider’s stock after buying an additional 230 shares during the period. Private Advisor Group LLC’s holdings in Copart were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CPRT. Optimum Investment Advisors lifted its position in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares in the last quarter. Eastern Bank bought a new position in shares of Copart in the third quarter worth about $29,000. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Copart by 283.3% during 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 last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price objective 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 Trading Down 1.6 %

Copart stock opened at $51.47 on Friday. The company has a market cap of $49.58 billion, a PE ratio of 36.25 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.83 and a 1 year high of $58.58. The company’s 50-day moving average is $52.29 and its two-hundred day moving average is $53.03.

Copart (NASDAQ:CPRT) last posted 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 return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm earned $0.34 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Research 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.