Copart, Inc. (NASDAQ:CPRT) Holdings Raised by Blair William & Co. IL

Blair William & Co. IL grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,241,560 shares of the business services provider’s stock after acquiring an additional 6,296 shares during the period. Copart accounts for 0.9% of Blair William & Co. IL’s investment portfolio, making the stock its 24th biggest holding. Blair William & Co. IL’s holdings in Copart were worth $283,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in Copart by 116.1% during the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock valued at $857,718,000 after acquiring an additional 7,956,043 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Copart by 258.1% during the 4th quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock valued at $166,250,000 after purchasing an additional 2,445,440 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Copart in the 2nd quarter valued at $109,382,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Copart by 250.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,773,555 shares of the business services provider’s stock worth $86,904,000 after purchasing an additional 1,267,130 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Up 1.9 %

NASDAQ:CPRT opened at $50.72 on Wednesday. The company’s 50 day moving average is $51.75 and its 200-day moving average is $53.78. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The firm has a market cap of $48.81 billion, a price-to-earnings ratio of 35.72 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business earned $0.34 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird cut their target price on 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.