Cable Hill Partners LLC Sells 814 Shares of Copart, Inc. (NASDAQ:CPRT)

Cable Hill Partners LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,387 shares of the business services provider’s stock after selling 814 shares during the quarter. Cable Hill Partners LLC’s holdings in Copart were worth $230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CPRT. Dorsey & Whitney Trust CO LLC raised its stake in Copart by 2.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock worth $524,000 after acquiring an additional 209 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Copart during the 1st quarter valued at about $3,877,000. Nwam LLC purchased a new position in shares of Copart during the 1st quarter valued at about $224,000. Cumberland Partners Ltd purchased a new position in shares of Copart during the 1st quarter valued at about $434,000. Finally, Motco raised its stake in shares of Copart by 6,085.7% during the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after buying an additional 10,224 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 1.0 %

NASDAQ:CPRT opened at $57.34 on Friday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $58.58. The stock has a market capitalization of $55.24 billion, a PE ratio of 41.25 and a beta of 1.27. The stock’s 50-day moving average price is $52.84 and its 200-day moving average price is $53.11.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.34 earnings per share. Copart’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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.

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.