Thrivent Financial for Lutherans Purchases 49,149 Shares of Copart, Inc. (NASDAQ:CPRT)

Thrivent Financial for Lutherans grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 34.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,671 shares of the business services provider’s stock after purchasing an additional 49,149 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Copart were worth $10,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC lifted its stake in 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 worth $2,199,000 after purchasing an additional 10,959 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Copart in the second quarter worth about $109,382,000. Comerica Bank boosted its position in Copart by 5.9% during the 1st quarter. Comerica Bank now owns 336,206 shares of the business services provider’s stock valued at $19,473,000 after acquiring an additional 18,605 shares in the last quarter. Kinsale Capital Group Inc. grew its holdings in shares of Copart by 17.7% during the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after acquiring an additional 13,554 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Copart by 162.9% in the 1st quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider’s stock valued at $10,681,000 after purchasing an additional 114,263 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Up 2.8 %

Shares of NASDAQ CPRT opened at $56.97 on Friday. The firm has a market cap of $54.88 billion, a P/E ratio of 40.98 and a beta of 1.27. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58. The company has a 50 day moving average of $53.54 and a 200 day moving average of $53.16.

Copart (NASDAQ:CPRT) last announced its quarterly 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 net margin of 32.17% and a return on equity of 19.55%. The business 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 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday.

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.