Copart, Inc. (NASDAQ:CPRT) Stock Holdings Decreased by Caprock Group LLC

Caprock Group LLC reduced its position in Copart, Inc. (NASDAQ:CPRT) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,009 shares of the business services provider’s stock after selling 286 shares during the quarter. Caprock Group LLC’s holdings in Copart were worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Optimum Investment Advisors grew its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank purchased a new position in Copart during the third quarter valued at approximately $29,000. Crewe Advisors LLC grew its position in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its position in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Down 1.9 %

NASDAQ CPRT opened at $55.42 on Thursday. The stock has a market capitalization of $53.39 billion, a PE ratio of 39.87 and a beta of 1.27. The company has a 50 day moving average price of $53.39 and a two-hundred day moving average price of $53.14. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

CPRT has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday.

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.