Elo Mutual Pension Insurance Co Sells 1,193 Shares of Copart, Inc. (NASDAQ:CPRT)

Elo Mutual Pension Insurance Co lessened its stake in Copart, Inc. (NASDAQ:CPRT) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,053 shares of the business services provider’s stock after selling 1,193 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Copart were worth $4,011,000 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. Waterloo Capital L.P. lifted its holdings in shares of Copart by 5.4% during the 2nd quarter. Waterloo Capital L.P. now owns 29,448 shares of the business services provider’s stock worth $1,595,000 after acquiring an additional 1,517 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Copart by 6.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 89,338 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 5,283 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in Copart by 13.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,871 shares of the business services provider’s stock valued at $751,000 after purchasing an additional 1,691 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Copart by 1.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 51,662 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 576 shares during the last quarter. Finally, E Fund Management Co. Ltd. boosted its holdings in shares of Copart by 11.9% in the 2nd quarter. E Fund Management Co. Ltd. now owns 10,482 shares of the business services provider’s stock worth $568,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Trading Up 0.6 %

CPRT opened at $51.00 on Thursday. The company has a market cap of $49.08 billion, a P/E ratio of 35.92 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The business’s 50-day moving average price is $51.68 and its 200-day moving average price is $53.76.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities research analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Copart Company 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.