Aptus Capital Advisors LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Aptus Capital Advisors LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,609 shares of the business services provider’s stock after acquiring an additional 19,127 shares during the period. Aptus Capital Advisors LLC’s holdings in Copart were worth $11,141,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CPRT. Silvercrest Asset Management Group LLC raised its stake 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 stake in shares of Copart by 6,085.7% during the 1st 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 Copart during the first quarter worth approximately $3,877,000. Manning & Napier Advisors LLC purchased a new position in shares of Copart during the 2nd quarter worth $109,382,000. Finally, Edgestream Partners L.P. acquired a new stake in Copart in the 1st quarter worth about $644,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Copart Price Performance

Copart stock traded down $0.12 during midday trading on Tuesday, hitting $56.63. 404,068 shares of the company were exchanged, compared to its average volume of 4,397,198. The company has a market cap of $54.56 billion, a PE ratio of 40.83 and a beta of 1.27. The company’s fifty day moving average price is $52.52 and its 200-day moving average price is $53.03. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Copart, Inc. will post 1.54 EPS 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.