Ashton Thomas Securities LLC Makes New $33,000 Investment in Copart, Inc. (NASDAQ:CPRT)

Ashton Thomas Securities LLC purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 621 shares of the business services provider’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CPRT. Silvercrest Asset Management Group LLC raised its stake in shares of Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 10,959 shares during the last quarter. Motco raised its stake in 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 buying an additional 10,224 shares in the last quarter. Twin Tree Management LP purchased a new stake in Copart in the first quarter worth about $3,877,000. Manning & Napier Advisors LLC bought a new position in shares of Copart in the 2nd quarter worth approximately $109,382,000. Finally, Edgestream Partners L.P. purchased a new stake in Copart in the first quarter worth $644,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT opened at $57.34 on Friday. The firm has a market cap of $55.24 billion, a PE ratio of 41.25 and a beta of 1.27. The stock has a 50-day moving average price of $52.84 and a 200-day moving average price of $53.11. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their target price 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 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.