Baltimore Washington Financial Advisors Inc. Buys 5,248 Shares of Copart, Inc. (NASDAQ:CPRT)

Baltimore Washington Financial Advisors Inc. raised its stake in Copart, Inc. (NASDAQ:CPRT) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,959 shares of the business services provider’s stock after purchasing an additional 5,248 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Copart were worth $11,473,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CPRT. Optimum Investment Advisors raised its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares in the last quarter. Eastern Bank acquired a new position in shares of Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC raised its stake in shares of Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of 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 in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Copart by 477.7% in the 2nd 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 in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 10.2 %

Shares of Copart stock opened at $62.70 on Friday. The stock has a market capitalization of $60.40 billion, a P/E ratio of 44.15 and a beta of 1.27. The company has a 50-day simple moving average of $53.79 and a 200 day simple moving average of $53.19. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $62.90.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.45% and a net margin of 31.92%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, equities analysts anticipate that Copart, Inc. will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPRT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Robert W. Baird dropped their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.

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.