Atria Investments Inc Sells 1,392 Shares of Copart, Inc. (NASDAQ:CPRT)

Atria Investments Inc reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,802 shares of the business services provider’s stock after selling 1,392 shares during the period. Atria Investments Inc’s holdings in Copart were worth $4,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CPRT. Concurrent Investment Advisors LLC lifted its holdings in shares of Copart by 7.0% during the first quarter. Concurrent Investment Advisors LLC now owns 6,211 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 407 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Copart by 0.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 191,827 shares of the business services provider’s stock worth $11,111,000 after acquiring an additional 483 shares during the last quarter. Bleakley Financial Group LLC grew its position in Copart by 2.6% in the 1st quarter. Bleakley Financial Group LLC now owns 17,325 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 436 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Copart in the first quarter worth about $2,275,000. Finally, Koshinski Asset Management Inc. lifted its holdings in Copart by 77.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 15,217 shares of the business services provider’s stock valued at $881,000 after buying an additional 6,662 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 Stock Performance

Shares of NASDAQ CPRT opened at $57.18 on Wednesday. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $58.58. The company’s fifty day moving average price is $52.59 and its 200 day moving average price is $53.04. The company has a market capitalization of $55.09 billion, a PE ratio of 41.14 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. On average, equities 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.