Susquehanna Fundamental Investments LLC Raises Holdings in Copart, Inc. (NASDAQ:CPRT)

Susquehanna Fundamental Investments LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 161.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,800 shares of the business services provider’s stock after purchasing an additional 152,369 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Copart were worth $13,367,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CPRT. Gilbert & Cook Inc. grew its position in shares of Copart by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 469 shares in the last quarter. Gryphon Financial Partners LLC purchased a new position in Copart in the fourth quarter worth about $114,000. D.A. Davidson & CO. purchased a new position in Copart in the fourth quarter worth about $409,000. Cambridge Investment Research Advisors Inc. grew its position in Copart by 8.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 43,931 shares of the business services provider’s stock worth $2,153,000 after acquiring an additional 3,241 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Copart by 4.6% in the fourth quarter. Parallel Advisors LLC now owns 12,163 shares of the business services provider’s stock worth $596,000 after acquiring an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Price Performance

Shares of NASDAQ:CPRT opened at $52.06 on Friday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The business has a 50 day simple moving average of $51.38 and a two-hundred day simple moving average of $53.62. The firm has a market capitalization of $50.10 billion, a PE ratio of 36.66 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal 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.