Thompson Siegel & Walmsley LLC Buys 1,097 Shares of Copart, Inc. (NASDAQ:CPRT)

Thompson Siegel & Walmsley LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 78,097 shares of the business services provider’s stock after acquiring an additional 1,097 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Copart were worth $4,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new stake in shares of Copart in the first quarter valued at about $28,000. Pinnacle Bancorp Inc. grew its holdings 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 valued at $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC lifted its holdings in 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 acquiring an additional 280 shares during the period. Meeder Asset Management Inc. boosted its position in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Copart Stock Up 1.5 %

NASDAQ CPRT opened at $50.23 on Monday. The company has a market cap of $48.34 billion, a PE ratio of 35.37 and a beta of 1.27. The firm’s 50-day simple moving average is $51.85 and its two-hundred day simple moving average is $53.80. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. As a group, equities research analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

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.