Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Financial Counselors Inc.

Financial Counselors Inc. lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 4.1% during the third quarter, HoldingsChannel reports. The fund owned 146,570 shares of the business services provider’s stock after acquiring an additional 5,769 shares during the quarter. Financial Counselors Inc.’s holdings in Copart were worth $7,680,000 as of its most recent filing with the Securities & Exchange Commission.

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

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $63.51 on Friday. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38. The stock has a market cap of $61.18 billion, a PE ratio of 44.73 and a beta of 1.27. The business’s fifty day moving average price is $54.58 and its two-hundred day moving average price is $53.37.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.34 earnings per share. As a group, equities research analysts predict that Copart, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CPRT shares. Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Company 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.