XTX Topco Ltd Purchases 33,656 Shares of Copart, Inc. (NASDAQ:CPRT)

XTX Topco Ltd boosted its position in Copart, Inc. (NASDAQ:CPRT) by 268.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 46,209 shares of the business services provider’s stock after purchasing an additional 33,656 shares during the period. XTX Topco Ltd’s holdings in Copart were worth $2,503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in shares of Copart during the 1st quarter worth approximately $28,000. Pinnacle Bancorp Inc. boosted its position in Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares during the period. Crewe Advisors LLC boosted its position 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 purchasing an additional 280 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Copart by 477.7% in the second 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 period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

NASDAQ:CPRT opened at $51.00 on Thursday. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58. The firm’s 50-day simple moving average is $51.68 and its 200 day simple moving average is $53.76. The firm has a market cap of $49.08 billion, a price-to-earnings ratio of 35.92 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings results 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). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Sell-side analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their target price 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 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.