MFA Wealth Advisors LLC Boosts Stake in Copart, Inc. (NASDAQ:CPRT)

MFA Wealth Advisors LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 17.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,484 shares of the business services provider’s stock after buying an additional 8,273 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Copart were worth $2,960,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Copart by 272.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 168,730 shares of the business services provider’s stock valued at $9,773,000 after acquiring an additional 123,414 shares during the period. Chesley Taft & Associates LLC increased its stake in Copart by 4.4% in the first quarter. Chesley Taft & Associates LLC now owns 16,075 shares of the business services provider’s stock valued at $931,000 after purchasing an additional 680 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Copart by 3.3% in the first quarter. 180 Wealth Advisors LLC now owns 25,884 shares of the business services provider’s stock valued at $1,499,000 after buying an additional 823 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Copart during the first quarter worth about $36,000. Finally, Artemis Investment Management LLP grew its holdings in shares of Copart by 39.3% during the first quarter. Artemis Investment Management LLP now owns 1,625,716 shares of the business services provider’s stock worth $94,117,000 after buying an additional 458,530 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock opened at $51.36 on Thursday. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The company has a market cap of $49.42 billion, a P/E ratio of 36.17 and a beta of 1.27. The firm has a fifty day moving average of $52.28 and a two-hundred day moving average of $53.20.

Copart (NASDAQ:CPRT) last posted its quarterly 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). Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note 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.