Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Values First Advisors Inc.

Values First Advisors Inc. raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,131 shares of the business services provider’s stock after buying an additional 1,033 shares during the quarter. Values First Advisors Inc.’s holdings in Copart were worth $426,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPRT. Nordea Investment Management AB boosted its holdings in shares of Copart by 44.1% during the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after purchasing an additional 636,438 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 10,959 shares during the last quarter. Motco boosted its holdings in shares of Copart by 6,085.7% during the first quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after purchasing an additional 10,224 shares during the last quarter. Twin Tree Management LP acquired a new stake in shares of Copart during the first quarter worth $3,877,000. Finally, Manning & Napier Advisors LLC acquired a new position in Copart in the second quarter valued at $109,382,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $51.38 on Friday. The stock’s 50-day moving average is $52.29 and its two-hundred day moving average is $53.18. The stock has a market cap of $49.44 billion, a PE ratio of 36.18 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report 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.