Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 869,850 shares of the business services provider’s stock after purchasing an additional 3,199 shares during the quarter. Bridges Investment Management Inc.’s holdings in Copart were worth $45,580,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CPRT. Cadence Bank lifted its stake in Copart by 0.6% in the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 187 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after purchasing an additional 200 shares during the period. Spinnaker Trust increased its position in Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. raised its stake in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the period. Finally, Duncan Williams Asset Management LLC grew its stake in shares of Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Copart stock opened at $56.12 on Friday. The firm has a 50 day moving average price of $52.44 and a 200 day moving average price of $53.04. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58. The company has a market capitalization of $54.06 billion, a PE ratio of 40.37 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

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 research 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.