Symmetry Investments LP Has $4.79 Million Position in Copart, Inc. (NASDAQ:CPRT)

Symmetry Investments LP boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 20.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,404 shares of the business services provider’s stock after buying an additional 15,000 shares during the period. Symmetry Investments LP’s holdings in Copart were worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its position in Copart by 7.5% during the second quarter. Summit Trail Advisors LLC now owns 8,955 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 627 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Copart by 267.4% in the second quarter. Thrivent Financial for Lutherans now owns 144,522 shares of the business services provider’s stock valued at $7,827,000 after acquiring an additional 105,181 shares during the last quarter. Pacer Advisors Inc. grew its position in Copart by 2.1% in the second quarter. Pacer Advisors Inc. now owns 117,840 shares of the business services provider’s stock worth $6,382,000 after acquiring an additional 2,395 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Copart by 1.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 665,811 shares of the business services provider’s stock valued at $36,060,000 after purchasing an additional 6,954 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of Copart in the 2nd quarter valued at $521,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 0.7 %

Shares of Copart stock 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 stock has a market capitalization of $49.50 billion, a P/E ratio of 36.23 and a beta of 1.27. The stock has a 50 day moving average price of $51.47 and a two-hundred day moving average price of $53.71.

Copart (NASDAQ:CPRT) last posted its 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). 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 analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

About Copart

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.