Copart, Inc. (NASDAQ:CPRT) Holdings Decreased by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its stake in Copart, Inc. (NASDAQ:CPRT) by 43.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 856,295 shares of the business services provider’s stock after selling 655,979 shares during the quarter. Artemis Investment Management LLP owned approximately 0.09% of Copart worth $44,870,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Separately, Robert W. Baird cut 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 Trading Up 3.2 %

NASDAQ:CPRT opened at $54.44 on Wednesday. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The stock has a market cap of $52.39 billion, a P/E ratio of 38.34 and a beta of 1.27. The stock’s 50-day moving average is $51.57 and its 200-day moving average is $53.40.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that Copart, Inc. will post 1.54 EPS for the current year.

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.