Atria Investments LLC boosted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 30.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,418 shares of the business services provider’s stock after buying an additional 1,480 shares during the period. Atria Investments LLC’s holdings in Copart were worth $204,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Copart by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,950,119 shares of the business services provider’s stock valued at $492,351,000 after buying an additional 290,275 shares in the last quarter. BlackRock Inc. raised its stake in shares of Copart by 11,504.1% in the first quarter. BlackRock Inc. now owns 7,903,656 shares of the business services provider’s stock valued at $489,473,000 after buying an additional 7,835,545 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Copart by 31.7% in the first quarter. William Blair Investment Management LLC now owns 5,500,545 shares of the business services provider’s stock valued at $340,649,000 after buying an additional 1,324,570 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Copart by 8.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,883,576 shares of the business services provider’s stock valued at $178,580,000 after buying an additional 212,528 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Copart by 4.7% in the first quarter. State Street Corp now owns 2,710,207 shares of the business services provider’s stock valued at $167,843,000 after buying an additional 120,457 shares in the last quarter. Institutional investors and hedge funds own 40.15% of the company’s stock.
Copart, Inc. (NASDAQ:CPRT) opened at 31.51 on Friday. Copart, Inc. has a 52 week low of $24.55 and a 52 week high of $32.17. The company has a 50 day moving average price of $31.31 and a 200-day moving average price of $44.66. The company has a market capitalization of $7.26 billion, a P/E ratio of 18.18 and a beta of 1.22.
Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, May 24th. The business services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Copart had a return on equity of 33.20% and a net margin of 29.10%. The firm had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $386.61 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post $1.25 earnings per share for the current fiscal year.
CPRT has been the subject of several research reports. Zacks Investment Research lowered Copart from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $33.00 price target on shares of Copart in a report on Thursday, July 6th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Copart has a consensus rating of “Hold” and a consensus target price of $48.80.
About Copart
Copart, Inc (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada, the United Kingdom, the United Arab Emirates, Oman, Bahrain, Brazil, Ireland, Spain and India. The Company also provides vehicle remarketing services in Germany. The Company operates through two segments: United States and International.
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