Kensington Investment Counsel LLC Reduces Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Kensington Investment Counsel LLC reduced its stake in Copart, Inc. (NASDAQ:CPRTGet Rating) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,852 shares of the business services provider’s stock after selling 1,503 shares during the period. Kensington Investment Counsel LLC’s holdings in Copart were worth $1,863,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rather & Kittrell Inc. acquired a new stake in shares of Copart in the fourth quarter valued at approximately $37,000. Perkins Coie Trust Co boosted its holdings in shares of Copart by 78.4% in the first quarter. Perkins Coie Trust Co now owns 264 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 116 shares during the period. American National Bank boosted its holdings in shares of Copart by 58.2% in the first quarter. American National Bank now owns 280 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 103 shares during the period. NuWave Investment Management LLC boosted its holdings in shares of Copart by 91.5% in the first quarter. NuWave Investment Management LLC now owns 362 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 173 shares during the period. Finally, Covestor Ltd acquired a new stake in shares of Copart during the fourth quarter worth $57,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Copart Trading Down 0.7 %

Copart stock opened at $116.11 on Friday. The stock has a market cap of $27.60 billion, a PE ratio of 25.63 and a beta of 1.16. The stock has a 50-day moving average price of $121.92 and a 200 day moving average price of $118.26. Copart, Inc. has a 52 week low of $102.21 and a 52 week high of $161.12.

Copart (NASDAQ:CPRTGet Rating) last posted its quarterly earnings results on Wednesday, September 7th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $883.39 million during the quarter, compared to analysts’ expectations of $874.14 million. Copart had a return on equity of 25.53% and a net margin of 31.14%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities analysts predict that Copart, Inc. will post 4.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird decreased their price target on Copart from $150.00 to $135.00 in a report on Friday. Guggenheim dropped their price target on Copart to $151.00 in a research report on Friday, May 20th. Finally, Stephens raised their price target on Copart to $145.00 and gave the company an “overweight” rating in a research report on Friday, May 20th.

Copart Profile

(Get Rating)

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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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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