Thompson Siegel & Walmsley LLC Has $3.78 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Thompson Siegel & Walmsley LLC lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,097 shares of the business services provider’s stock after selling 6,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Copart were worth $3,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CreativeOne Wealth LLC acquired a new stake in shares of Copart in the first quarter valued at about $344,000. EP Wealth Advisors LLC raised its stake in shares of Copart by 18.4% during the 1st quarter. EP Wealth Advisors LLC now owns 10,402 shares of the business services provider’s stock worth $602,000 after purchasing an additional 1,614 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Copart by 108.1% in the 1st quarter. Advisors Asset Management Inc. now owns 9,299 shares of the business services provider’s stock valued at $539,000 after buying an additional 4,831 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Copart by 10.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 5,322 shares of the business services provider’s stock worth $308,000 after buying an additional 507 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in Copart by 2.1% in the first quarter. Toronto Dominion Bank now owns 515,872 shares of the business services provider’s stock valued at $29,879,000 after acquiring an additional 10,814 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CPRT. JPMorgan Chase & Co. boosted their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday. Robert W. Baird dropped their price objective 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 Up 2.8 %

Shares of CPRT stock opened at $56.97 on Friday. The firm has a 50 day moving average price of $53.54 and a two-hundred day moving average price of $53.16. The company has a market capitalization of $54.88 billion, a PE ratio of 40.98 and a beta of 1.27. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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 firm earned $0.34 EPS. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts expect that Copart, Inc. will post 1.54 EPS for the current 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.