Copart, Inc. (NASDAQ:CPRT) Shares Sold by United Advisor Group LLC

United Advisor Group LLC lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 47.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,475 shares of the business services provider’s stock after selling 6,674 shares during the quarter. United Advisor Group LLC’s holdings in Copart were worth $392,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Optimum Investment Advisors boosted its position in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank purchased a new stake in shares of Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC increased its stake in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.

Copart Stock Performance

CPRT stock opened at $52.89 on Wednesday. Copart, Inc. has a one year low of $45.50 and a one year high of $58.58. The firm’s fifty day moving average is $52.26 and its 200 day moving average is $52.99. The firm has a market cap of $50.95 billion, a PE ratio of 38.05 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced 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). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. Research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

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.