Aigen Investment Management LP Buys Shares of 4,038 Copart, Inc. (NASDAQ:CPRT)

Aigen Investment Management LP purchased a new position in Copart, Inc. (NASDAQ:CPRT) in the third quarter, Holdings Channel reports. The fund purchased 4,038 shares of the business services provider’s stock, valued at approximately $212,000.

Several other institutional investors have also made changes to their positions in the stock. Jensen Investment Management Inc. lifted its position in Copart by 2,466.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after buying an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after purchasing an additional 3,016,795 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in Copart in the second quarter valued at about $109,382,000. Price T Rowe Associates Inc. MD increased its position in Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Copart during the 2nd quarter worth about $70,307,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Copart Price Performance

Shares of NASDAQ:CPRT opened at $56.67 on Friday. The stock has a market capitalization of $54.59 billion, a P/E ratio of 40.77 and a beta of 1.27. The business has a 50-day moving average of $52.99 and a two-hundred day moving average of $53.10. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last announced its earnings results 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). Copart had a return on equity of 19.55% and a net margin of 32.17%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal 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.