Rowlandmiller & PARTNERS.ADV Sells 471 Shares of Copart, Inc. (NASDAQ:CPRT)

Rowlandmiller & PARTNERS.ADV lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,883 shares of the business services provider’s stock after selling 471 shares during the quarter. Copart comprises 1.2% of Rowlandmiller & PARTNERS.ADV’s holdings, making the stock its 22nd biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Copart were worth $6,125,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cadence Bank grew its position in Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 187 shares during the last quarter. WASHINGTON TRUST Co grew its position in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust grew its position in Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. boosted its holdings in shares of Copart by 2.9% in the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC boosted its holdings in shares of Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Price Performance

CPRT stock opened at $51.38 on Friday. The firm’s fifty day simple moving average is $52.29 and its 200-day simple moving average is $53.18. The company has a market capitalization of $49.44 billion, a P/E ratio of 36.18 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. 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 prior year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, sell-side analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.