B. Metzler seel. Sohn & Co. Holding AG Buys New Holdings in Copart, Inc. (NASDAQ:CPRT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the third quarter, HoldingsChannel.com reports. The firm purchased 61,620 shares of the business services provider’s stock, valued at approximately $3,229,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRT. Principal Financial Group Inc. increased its position in Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after acquiring an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after acquiring an additional 30,454 shares during the period. Legal & General Group Plc lifted its holdings in shares of Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after acquiring an additional 598,566 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

NASDAQ:CPRT opened at $55.42 on Thursday. The firm has a 50-day moving average of $53.39 and a two-hundred day moving average of $53.14. The stock has a market cap of $53.39 billion, a P/E ratio of 39.87 and a beta of 1.27. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.34 EPS. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird reduced their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report 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.