Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 158.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,046 shares of the business services provider’s stock after purchasing an additional 11,058 shares during the period. Virtu Financial LLC’s holdings in Copart were worth $977,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Separately, Robert W. Baird decreased their target price 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 Stock Performance

Shares of CPRT stock opened at $51.00 on Thursday. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 35.92 and a beta of 1.27. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The company has a 50 day moving average price of $51.68 and a 200 day moving average price of $53.76.

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 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Copart, Inc. will post 1.54 EPS for the current fiscal 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.