Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC increased its holdings in Copart, Inc. (NASDAQ:CPRTGet Rating) by 16.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,770 shares of the business services provider’s stock after purchasing an additional 4,727 shares during the quarter. Advisory Services Network LLC’s holdings in Copart were worth $4,237,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rather & Kittrell Inc. acquired a new position in Copart in the 4th quarter worth about $37,000. Perkins Coie Trust Co raised its holdings in shares of Copart by 78.4% during the first quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 116 shares during the last quarter. American National Bank raised its holdings in shares of Copart by 58.2% during the first quarter. American National Bank now owns 280 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 103 shares during the last quarter. NuWave Investment Management LLC raised its holdings in shares of Copart by 91.5% during the first quarter. NuWave Investment Management LLC now owns 362 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 173 shares during the last quarter. Finally, Covestor Ltd acquired a new position in shares of Copart during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Copart Stock Down 0.1 %

NASDAQ CPRT opened at $110.61 on Friday. Copart, Inc. has a 52 week low of $102.21 and a 52 week high of $161.12. The business’s fifty day simple moving average is $121.88 and its 200-day simple moving average is $117.99. The firm has a market cap of $26.29 billion, a PE ratio of 24.42 and a beta of 1.16.

Copart (NASDAQ:CPRTGet Rating) last posted its quarterly earnings results on Wednesday, September 7th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Copart had a return on equity of 25.53% and a net margin of 31.14%. The business had revenue of $883.39 million for the quarter, compared to analyst estimates of $874.14 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. Research analysts expect that Copart, Inc. will post 4.71 EPS for the current year.

Analyst Upgrades and Downgrades

CPRT has been the subject of a number of research analyst reports. Guggenheim reduced their target price on Copart to $151.00 in a report on Friday, May 20th. Robert W. Baird reduced their target price on Copart from $150.00 to $135.00 in a report on Friday, September 9th. Finally, Stephens reduced their target price on Copart to $141.00 in a report on Tuesday.

Copart Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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