Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 1,103.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,062,931 shares of the business services provider’s stock after buying an additional 974,585 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Copart worth $55,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Optimum Investment Advisors increased its stake in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the period. Eastern Bank acquired a new position in shares of Copart during the third quarter worth about $29,000. Crewe Advisors LLC grew 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 in the last quarter. Meeder Asset Management Inc. grew its position in shares of 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 in the last quarter. Finally, Versant Capital Management Inc grew its position 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 buying an additional 492 shares in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Down 0.5 %

Shares of CPRT opened at $63.51 on Thursday. The stock has a 50 day moving average price of $54.33 and a 200 day moving average price of $53.30. The company has a market capitalization of $61.18 billion, a price-to-earnings ratio of 44.73 and a beta of 1.27. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $64.38.

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 31.92% and a return on equity of 18.96%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.34 EPS. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CPRT shares. JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird lowered 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.

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.