Copart, Inc. (NASDAQ:CPRT) Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. decreased its position in Copart, Inc. (NASDAQ:CPRT) by 26.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,163,000 shares of the business services provider’s stock after selling 418,000 shares during the period. Copart makes up about 2.2% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 13th largest position. Schwartz Investment Counsel Inc.’s holdings in Copart were worth $60,941,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after purchasing an additional 3,016,795 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Copart during the second quarter valued at $109,382,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Copart by 28.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Copart by 43.3% during the first quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock valued at $281,616,000 after purchasing an additional 1,469,292 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in shares of Copart during the second quarter valued at $70,307,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.0 %

NASDAQ:CPRT opened at $51.38 on Friday. The firm has a market capitalization of $49.44 billion, a price-to-earnings ratio of 36.18 and a beta of 1.27. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The business’s fifty day moving average price is $52.29 and its 200 day moving average price is $53.18.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Copart 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.