3,553 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. bought a new position in Copart, Inc. (NASDAQ:CPRT) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,553 shares of the business services provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Copart during the 1st quarter valued at about $28,000. Pinnacle Bancorp Inc. raised its stake in shares of Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after buying an additional 234 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Copart during the 4th quarter valued at about $34,000. Indiana Trust & Investment Management CO purchased a new position in shares of Copart during the 1st quarter valued at about $36,000. Finally, Trust Co. of Vermont purchased a new position in shares of Copart during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 1.1 %

Shares of NASDAQ:CPRT traded down $0.62 during trading on Monday, reaching $54.92. 1,996,326 shares of the company’s stock traded hands, compared to its average volume of 4,435,506. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The firm has a market cap of $52.85 billion, a PE ratio of 39.04 and a beta of 1.28. The company has a 50-day simple moving average of $54.19 and a 200-day simple moving average of $53.03.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Copart had a return on equity of 20.80% and a net margin of 33.33%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts forecast that Copart, Inc. will post 1.43 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price objective on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $51.00.

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.