Mutual of America Capital Management LLC Cuts Holdings in Copart, Inc. (NASDAQ:CPRT)

Mutual of America Capital Management LLC lowered its holdings in Copart, Inc. (NASDAQ:CPRT) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,381 shares of the business services provider’s stock after selling 4,222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Copart were worth $5,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Perpetual Ltd lifted its stake in Copart by 9.6% during the 1st quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after acquiring an additional 14,126 shares during the period. Nordea Investment Management AB lifted its position in Copart by 44.1% during the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after purchasing an additional 636,438 shares during the period. Baird Financial Group Inc. boosted its holdings in Copart by 15.9% in the fourth quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock worth $143,187,000 after purchasing an additional 400,940 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 10,959 shares during the period. Finally, Motco raised its stake in Copart by 6,085.7% during the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after buying an additional 10,224 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Down 0.7 %

CPRT opened at $51.44 on Friday. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 36.23 and a beta of 1.27. The company’s 50 day moving average is $51.55 and its 200 day moving average is $53.73.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.34 EPS. The company’s revenue was up 7.2% on a year-over-year basis. As a group, analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird dropped their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note 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.