STF Management LP Sells 1,300 Shares of Copart, Inc. (NASDAQ:CPRT)

STF Management LP lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,984 shares of the business services provider’s stock after selling 1,300 shares during the period. STF Management LP’s holdings in Copart were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors boosted its holdings in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC increased its position in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the period. Meeder Asset Management Inc. raised its stake in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 2.8 %

NASDAQ:CPRT opened at $56.97 on Friday. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58. The stock has a market capitalization of $54.88 billion, a price-to-earnings ratio of 40.98 and a beta of 1.27. The firm has a fifty day simple moving average of $53.54 and a two-hundred day simple moving average of $53.16.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 analyst estimates of $1.07 billion. During the same period last year, the business posted $0.34 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPRT has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday.

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.