Copart, Inc. (NASDAQ:CPRT) Shares Sold by Xponance Inc.

Xponance Inc. decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,818 shares of the business services provider’s stock after selling 19,441 shares during the quarter. Xponance Inc.’s holdings in Copart were worth $10,335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CPRT. Principal Financial Group Inc. increased its stake in Copart by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after buying an additional 1,009,053 shares in the last quarter. Capital World Investors raised its stake in Copart by 1.0% in the 4th quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after purchasing an additional 207,349 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Copart by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after purchasing an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Copart by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock worth $427,807,000 after purchasing an additional 30,454 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Copart by 28.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after buying an additional 1,500,466 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Up 0.5 %

Shares of CPRT opened at $51.69 on Tuesday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $53.68. The company has a market capitalization of $49.74 billion, a PE ratio of 36.40 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their price target 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 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.