Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,066,078 shares of the business services provider’s stock after purchasing an additional 40,505 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Copart worth $108,262,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CPRT. Jensen Investment Management Inc. boosted its stake in Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after purchasing an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Copart by 462.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock worth $192,240,000 after acquiring an additional 3,016,795 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Copart in the 2nd quarter worth $109,382,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Copart by 28.0% in the 1st 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 acquiring an additional 1,500,466 shares during the period. Finally, Kimelman & Baird LLC acquired a new stake in shares of Copart in the 2nd quarter worth $70,307,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 1.3 %

Shares of NASDAQ CPRT opened at $57.93 on Thursday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $58.58. The firm has a 50-day moving average price of $52.69 and a 200 day moving average price of $53.08. The stock has a market capitalization of $55.81 billion, a price-to-earnings ratio of 41.68 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their target price 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.