HWG Holdings LP Acquires New Position in Copart, Inc. (NASDAQ:CPRT)

HWG Holdings LP bought a new stake in Copart, Inc. (NASDAQ:CPRT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 70,444 shares of the business services provider’s stock, valued at approximately $3,815,000. Copart makes up approximately 1.4% of HWG Holdings LP’s holdings, making the stock its 16th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its stake in shares of Copart by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 28,553 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 469 shares in the last quarter. Gryphon Financial Partners LLC purchased a new position in shares of Copart during the 4th quarter worth approximately $114,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Copart by 8.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,931 shares of the business services provider’s stock worth $2,153,000 after purchasing an additional 3,241 shares in the last quarter. TFO Wealth Partners LLC grew its stake in Copart by 144,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,326 shares of the business services provider’s stock worth $212,000 after acquiring an additional 4,323 shares during the period. Finally, Rathbones Group PLC grew its stake in Copart by 2.9% in the 4th quarter. Rathbones Group PLC now owns 7,821 shares of the business services provider’s stock worth $383,000 after acquiring an additional 221 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Down 0.1 %

NASDAQ:CPRT opened at $52.06 on Monday. The firm has a market capitalization of $50.10 billion, a price-to-earnings ratio of 36.66 and a beta of 1.27. The firm’s fifty day simple moving average is $51.38 and its 200 day simple moving average is $53.59. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). Copart had a return on equity of 19.55% and a net margin of 32.17%. 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 prior year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Copart 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.