Copart, Inc. (NASDAQ:CPRT) Shares Bought by Paragon Advisors LLC

Paragon Advisors LLC increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 40,019 shares of the business services provider’s stock after purchasing an additional 743 shares during the period. Paragon Advisors LLC’s holdings in Copart were worth $2,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Natixis Advisors LLC raised its holdings in shares of Copart by 4.4% during the third quarter. Natixis Advisors LLC now owns 1,290,498 shares of the business services provider’s stock valued at $67,622,000 after acquiring an additional 53,834 shares during the period. Empowered Funds LLC boosted its position in Copart by 20.9% during the 3rd quarter. Empowered Funds LLC now owns 64,069 shares of the business services provider’s stock worth $3,357,000 after acquiring an additional 11,089 shares during the period. Empirical Finance LLC grew its stake in Copart by 2.5% during the 3rd quarter. Empirical Finance LLC now owns 28,821 shares of the business services provider’s stock valued at $1,510,000 after acquiring an additional 716 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Copart by 11.8% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,801 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 719 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Copart by 5.7% in the third quarter. CIBC Asset Management Inc now owns 288,490 shares of the business services provider’s stock worth $15,117,000 after purchasing an additional 15,577 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price target 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 Price Performance

Shares of Copart stock opened at $56.67 on Friday. The firm has a fifty day moving average price of $52.99 and a two-hundred day moving average price of $53.11. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58. The company has a market cap of $54.59 billion, a PE ratio of 40.77 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business 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%. Copart’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Copart Company 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.