Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Retirement Guys Formula LLC

Retirement Guys Formula LLC raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,611 shares of the business services provider’s stock after acquiring an additional 2,435 shares during the quarter. Retirement Guys Formula LLC’s holdings in Copart were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Optimum Investment Advisors raised its holdings in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the period. Crewe Advisors LLC grew its stake in Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of CPRT traded down $0.90 during trading hours on Monday, hitting $52.98. 2,304,620 shares of the company were exchanged, compared to its average volume of 4,493,604. The firm’s 50 day moving average is $52.22 and its 200-day moving average is $53.29. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58. The company has a market cap of $50.98 billion, a PE ratio of 37.94 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

About Copart

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.