Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 20.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,069 shares of the business services provider’s stock after purchasing an additional 11,089 shares during the period. Empowered Funds LLC’s holdings in Copart were worth $3,357,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cadence Bank raised its stake in Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of 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 acquiring an additional 200 shares in the last quarter. Spinnaker Trust lifted its stake in Copart by 4.0% during the second 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 Copart by 2.9% in the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its stake in Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 203 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Performance

Copart stock opened at $56.63 on Tuesday. The stock has a 50-day simple moving average of $53.13 and a 200-day simple moving average of $53.11. The company has a market capitalization of $54.56 billion, a P/E ratio of 40.74 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 firm had revenue of $1.07 billion during 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.