Copart, Inc. (NASDAQ:CPRT) Stake Boosted by Procyon Advisors LLC

Procyon Advisors LLC increased its holdings in Copart, Inc. (NASDAQ:CPRTFree Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,149 shares of the business services provider’s stock after purchasing an additional 636 shares during the period. Procyon Advisors LLC’s holdings in Copart were worth $2,313,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Inspire Investing LLC boosted its holdings in Copart by 4.2% in the third quarter. Inspire Investing LLC now owns 22,601 shares of the business services provider’s stock worth $1,184,000 after purchasing an additional 921 shares in the last quarter. Atwater Malick LLC boosted its holdings in Copart by 31.1% in the third quarter. Atwater Malick LLC now owns 38,639 shares of the business services provider’s stock worth $2,025,000 after purchasing an additional 9,159 shares in the last quarter. Lion Street Advisors LLC bought a new stake in Copart in the third quarter worth $234,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Copart by 209.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,234 shares of the business services provider’s stock worth $327,000 after purchasing an additional 4,219 shares in the last quarter. Finally, JGP Wealth Management LLC boosted its holdings in Copart by 2.6% in the third quarter. JGP Wealth Management LLC now owns 19,924 shares of the business services provider’s stock worth $1,044,000 after purchasing an additional 504 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

CPRT stock opened at $55.25 on Tuesday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The company has a 50-day moving average of $51.88 and a two-hundred day moving average of $53.35. The stock has a market capitalization of $53.17 billion, a price-to-earnings ratio of 38.91 and a beta of 1.27.

Copart (NASDAQ:CPRTGet Free Report) last announced its quarterly earnings data 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 company 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%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Copart

Copart Profile

(Free Report)

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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