Stephens Investment Management Group LLC Purchases 37,875 Shares of Copart, Inc. (NASDAQ:CPRT)

Stephens Investment Management Group LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,276 shares of the business services provider’s stock after purchasing an additional 37,875 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Copart were worth $28,834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CPRT. Cadence Bank raised its position in Copart by 0.6% in the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust lifted its position in shares of Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares in the last quarter. Values First Advisors Inc. boosted its holdings in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC boosted its holdings in Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after purchasing an additional 203 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Down 1.6 %

Shares of Copart stock opened at $51.47 on Friday. Copart, Inc. has a 12-month low of $42.83 and a 12-month high of $58.58. The stock has a market cap of $49.59 billion, a P/E ratio of 37.03 and a beta of 1.27. The business’s 50 day moving average is $52.29 and its 200-day moving average is $53.03.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 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 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 firm posted $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, sell-side analysts expect that Copart, Inc. will post 1.54 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird lowered their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock 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.