Copart, Inc. (NASDAQ:CPRT) Position Raised by Centaurus Financial Inc.

Centaurus Financial Inc. raised its position in shares of Copart, Inc. (NASDAQ:CPRT) by 20.7% in the third quarter, HoldingsChannel.com reports. The firm owned 22,117 shares of the business services provider’s stock after buying an additional 3,800 shares during the period. Centaurus Financial Inc.’s holdings in Copart were worth $1,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. lifted its holdings in shares of Copart by 2.5% in the third quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the period. Edgewood Management LLC raised its position in Copart by 0.6% in the third quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock worth $1,077,119,000 after acquiring an additional 125,220 shares in the last quarter. Bank of New York Mellon Corp raised its position in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after acquiring an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after acquiring an additional 30,454 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after purchasing an additional 598,566 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Up 10.2 %

Shares of CPRT opened at $62.70 on Monday. The business’s 50-day moving average price is $53.79 and its 200 day moving average price is $53.18. The stock has a market capitalization of $60.40 billion, a P/E ratio of 44.15 and a beta of 1.27. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $62.90.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.45% and a net margin of 31.92%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that Copart, Inc. will post 1.55 earnings per share for the current year.

Analyst Ratings Changes

CPRT has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Robert W. Baird decreased their price target on shares of 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.