Allworth Financial LP boosted its holdings in Copart, Inc. (NASDAQ:CPRT – Get Rating) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,706 shares of the business services provider's stock after acquiring an additional 337 shares during the quarter. Allworth Financial LP's holdings in Copart were worth $620,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Rockland Trust Co. increased its stake in Copart by 6.3% in the second quarter. Rockland Trust Co. now owns 118,661 shares of the business services provider's stock valued at $12,893,000 after acquiring an additional 7,019 shares during the period. Resonant Capital Advisors LLC grew its stake in Copart by 4.9% during the second quarter. Resonant Capital Advisors LLC now owns 6,131 shares of the business services provider's stock worth $666,000 after buying an additional 286 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in Copart by 13.5% during the second quarter. Sugarloaf Wealth Management LLC now owns 19,039 shares of the business services provider's stock worth $2,069,000 after buying an additional 2,262 shares during the last quarter. Paradiem LLC grew its stake in Copart by 15.2% during the second quarter. Paradiem LLC now owns 31,096 shares of the business services provider's stock worth $3,379,000 after buying an additional 4,098 shares during the last quarter. Finally, Cim LLC grew its stake in Copart by 1.9% during the second quarter. Cim LLC now owns 16,459 shares of the business services provider's stock worth $1,884,000 after buying an additional 307 shares during the last quarter. Institutional investors own 80.92% of the company's stock.
Get Copart alerts:Analysts Set New Price Targets
Several analysts have weighed in on CPRT shares. Robert W. Baird decreased their price objective on shares of Copart from $150.00 to $135.00 in a research note on Friday, September 9th. Stephens decreased their price objective on shares of Copart to $141.00 in a research note on Tuesday, September 13th.
Copart Trading Up 1.0 %
Shares of CPRT stock opened at $106.14 on Friday. Copart, Inc. has a 1 year low of $102.21 and a 1 year high of $161.12. The firm's 50 day moving average is $121.30 and its 200-day moving average is $117.63. The firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of 23.43 and a beta of 1.16.Copart (NASDAQ:CPRT – Get Rating) last announced its earnings results on Wednesday, September 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.05. Copart had a net margin of 31.14% and a return on equity of 25.53%. The company had revenue of $883.39 million for the quarter, compared to analyst estimates of $874.14 million. During the same period in the prior year, the business earned $1.03 earnings per share. Copart's quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that Copart, Inc. will post 4.71 earnings per share for the current fiscal year.
Copart Profile
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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.
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