5,948 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,948 shares of the business services provider’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of Copart during the first quarter valued at approximately $28,000. Pinnacle Bancorp Inc. grew its position in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Copart during the first quarter valued at $36,000. Trust Co. of Vermont purchased a new position in shares of Copart during the fourth quarter valued at $38,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Copart in the fourth quarter valued at about $40,000. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT stock traded up $0.62 during mid-day trading on Friday, hitting $51.05. 3,969,340 shares of the stock traded hands, compared to its average volume of 5,057,478. The stock’s fifty day moving average is $53.64 and its two-hundred day moving average is $53.27. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock has a market cap of $49.13 billion, a P/E ratio of 35.95 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.