Commonwealth Equity Services LLC Buys 1,098 Shares of Copart, Inc. (NASDAQ:CPRT)

Commonwealth Equity Services LLC raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,390 shares of the business services provider’s stock after purchasing an additional 1,098 shares during the period. Commonwealth Equity Services LLC’s holdings in Copart were worth $8,091,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CPRT. International Assets Investment Management LLC bought a new position in Copart during the 4th quarter worth $3,285,000. Gilbert & Cook Inc. grew its holdings in Copart by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock worth $1,399,000 after acquiring an additional 469 shares during the period. Merit Financial Group LLC acquired a new stake in shares of Copart in the 4th quarter valued at about $332,000. Charles Schwab Investment Management Inc. grew its stake in shares of Copart by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,997,638 shares of the business services provider’s stock valued at $244,884,000 after buying an additional 185,974 shares during the period. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of Copart in the 4th quarter valued at about $114,000. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Copart currently has an average rating of “Hold” and a consensus target price of $53.00.

Copart Stock Performance

CPRT stock opened at $49.51 on Friday. The company has a market capitalization of $47.64 billion, a P/E ratio of 34.87 and a beta of 1.27. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The business has a 50-day simple moving average of $52.39 and a two-hundred day simple moving average of $53.81.

Copart (NASDAQ:CPRT) last released its quarterly 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. As a group, sell-side analysts forecast that Copart, Inc. will post 1.43 earnings per share for the current fiscal year.

Copart Company 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.