International Assets Investment Management LLC Takes $4.33 Million Position in Copart, Inc. (NASDAQ:CPRT)

International Assets Investment Management LLC bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,635 shares of the business services provider’s stock, valued at approximately $4,330,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Advisors LLC grew its position in Copart by 17.2% during the third quarter. MFA Wealth Advisors LLC now owns 56,484 shares of the business services provider’s stock valued at $2,960,000 after buying an additional 8,273 shares during the period. Litman Gregory Wealth Management LLC grew its position in shares of Copart by 4.2% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 170,011 shares of the business services provider’s stock valued at $8,909,000 after acquiring an additional 6,775 shares during the period. Greenleaf Trust grew its position in shares of Copart by 1.5% during the 3rd quarter. Greenleaf Trust now owns 16,889 shares of the business services provider’s stock valued at $885,000 after acquiring an additional 249 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Copart by 23.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 7,428 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in Copart in the 3rd quarter worth about $3,509,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Up 0.0 %

CPRT stock opened at $51.49 on Friday. Copart, Inc. has a 52 week low of $44.05 and a 52 week high of $58.58. The firm has a 50-day simple moving average of $52.26 and a 200-day simple moving average of $53.01. The stock has a market capitalization of $49.60 billion, a P/E ratio of 37.04 and a beta of 1.27.

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 for the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. On average, analysts expect that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.