Bokf Na Purchases 39,758 Shares of Copart, Inc. (NASDAQ:CPRT)

Bokf Na lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 17,137.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,990 shares of the business services provider’s stock after acquiring an additional 39,758 shares during the period. Bokf Na’s holdings in Copart were worth $2,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CPRT. Rise Advisors LLC bought a new position in Copart during the 1st quarter valued at about $28,000. Pinnacle Bancorp Inc. raised its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares during the last quarter. Crewe Advisors LLC lifted its position in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Versant Capital Management Inc lifted its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new stake in Copart in the first quarter worth approximately $36,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Stock Up 1.5 %

Shares of NASDAQ:CPRT opened at $50.23 on Friday. The stock has a market capitalization of $48.34 billion, a PE ratio of 35.37 and a beta of 1.27. The firm’s 50 day moving average price is $51.85 and its 200-day moving average price is $53.80. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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