Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 702,109 shares of the business services provider’s stock after buying an additional 6,128 shares during the period. Burgundy Asset Management Ltd. owned 0.07% of Copart worth $38,026,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CPRT. XTX Topco Ltd lifted its stake in shares of Copart by 268.1% in the 2nd quarter. XTX Topco Ltd now owns 46,209 shares of the business services provider’s stock valued at $2,503,000 after purchasing an additional 33,656 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in Copart by 5.4% in the 2nd quarter. Waterloo Capital L.P. now owns 29,448 shares of the business services provider’s stock worth $1,595,000 after buying an additional 1,517 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Copart by 6.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 89,338 shares of the business services provider’s stock valued at $4,789,000 after buying an additional 5,283 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Copart by 13.9% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,871 shares of the business services provider’s stock valued at $751,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Copart by 1.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 51,662 shares of the business services provider’s stock worth $2,798,000 after buying an additional 576 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price objective on 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 0.6 %

Shares of CPRT stock opened at $51.00 on Thursday. The company has a market cap of $49.08 billion, a P/E ratio of 35.92 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 moving average of $51.68 and a two-hundred day moving average of $53.76.

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 the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts expect that Copart, Inc. will post 1.54 EPS 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.