Mount Yale Investment Advisors LLC Grows Position in Copart, Inc. (NASDAQ:CPRT)

Mount Yale Investment Advisors LLC boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,200 shares of the business services provider’s stock after acquiring an additional 4,988 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Copart were worth $2,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in Copart by 462.8% during the 3rd 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 buying an additional 3,016,795 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Copart during the 2nd quarter worth $109,382,000. Price T Rowe Associates Inc. MD raised its position in Copart by 28.0% during the 1st 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 in the last quarter. TD Asset Management Inc lifted its holdings in shares of Copart by 43.3% in the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after buying an additional 1,469,292 shares during the period. Finally, Kimelman & Baird LLC bought a new position in shares of Copart during the 2nd quarter worth $70,307,000. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their price objective 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.

Copart Stock Up 0.0 %

NASDAQ CPRT opened at $51.38 on Friday. The company has a 50 day moving average price of $52.29 and a 200 day moving average price of $53.18. The firm has a market cap of $49.44 billion, a PE ratio of 36.18 and a beta of 1.27. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last issued 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 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 company posted $0.34 EPS. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

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.