Vontobel Holding Ltd. Sells 4,294 Shares of Copart, Inc. (NASDAQ:CPRT)

Vontobel Holding Ltd. reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,637,120 shares of the business services provider’s stock after selling 4,294 shares during the period. Vontobel Holding Ltd. owned approximately 0.27% of Copart worth $138,185,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Copart by 2.6% in the first quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after buying an additional 1,009,053 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after acquiring an additional 1,199,781 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Copart by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after purchasing an additional 30,454 shares in the last quarter. Legal & General Group Plc increased its position in Copart by 9.4% in the second quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock worth $376,035,000 after purchasing an additional 598,566 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Copart by 28.0% in the first 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. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Down 0.8 %

Shares of NASDAQ CPRT traded down $0.44 during trading hours on Wednesday, hitting $54.41. 1,155,622 shares of the company traded hands, compared to its average volume of 4,474,245. The company’s 50 day moving average price is $51.98 and its 200 day moving average price is $53.33. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The stock has a market capitalization of $52.36 billion, a price-to-earnings ratio of 38.63 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their price objective 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.

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.