Greenleaf Trust Increases Holdings in Copart, Inc. (NASDAQ:CPRT)

Greenleaf Trust increased its position in Copart, Inc. (NASDAQ:CPRT) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,889 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Greenleaf Trust’s holdings in Copart were worth $885,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Manning & Napier Advisors LLC purchased a new position in shares of Copart during the 2nd quarter worth $109,382,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. TD Asset Management Inc lifted its stake in shares of Copart by 43.3% during the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after purchasing an additional 1,469,292 shares during the period. Kimelman & Baird LLC purchased a new position in shares of Copart during the 2nd quarter worth $70,307,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Copart by 8.1% during the 2nd 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 purchasing an additional 1,199,781 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.0 %

Shares of CPRT opened at $51.38 on Friday. The firm has a market capitalization of $49.44 billion, a P/E ratio of 36.18 and a beta of 1.27. The stock’s fifty day simple moving average is $52.29 and its 200 day simple moving average is $53.18. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results 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). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Sell-side analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced 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.

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.