Exchange Traded Concepts LLC Has $1.09 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Exchange Traded Concepts LLC reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 27.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,860 shares of the business services provider’s stock after selling 7,982 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Copart were worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Cadence Bank grew its holdings in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 187 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares during the last quarter. Spinnaker Trust boosted its stake in shares of Copart by 4.0% in the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after buying an additional 200 shares during the last quarter. Values First Advisors Inc. increased its position in shares of Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC grew its holdings in Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 203 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Copart Price Performance

Shares of CPRT stock opened at $54.54 on Thursday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The company has a market cap of $52.48 billion, a PE ratio of 38.41 and a beta of 1.27. The stock’s 50 day simple moving average is $52.09 and its two-hundred day simple moving average is $53.34.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 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 the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities research analysts expect that Copart, Inc. will post 1.54 EPS for the current year.

About Copart

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.