Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,541 shares of the business services provider’s stock after purchasing an additional 8,155 shares during the period. Ieq Capital LLC’s holdings in Copart were worth $4,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Perpetual Ltd lifted its holdings in shares of Copart by 9.6% in the 1st quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock valued at $9,344,000 after buying an additional 14,126 shares during the period. Nordea Investment Management AB lifted its holdings in Copart by 44.1% in the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after acquiring an additional 636,438 shares during the period. Baird Financial Group Inc. boosted its position in Copart by 15.9% in the 4th quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock worth $143,187,000 after purchasing an additional 400,940 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Copart by 40.6% during the 1st 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 during the period. Finally, Motco increased its holdings in shares of Copart by 6,085.7% during the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after purchasing an additional 10,224 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Down 0.7 %

NASDAQ CPRT opened at $51.44 on Friday. The stock has a market capitalization of $49.50 billion, a price-to-earnings ratio of 36.23 and a beta of 1.27. The stock has a 50-day moving average of $51.55 and a 200 day moving average of $53.73. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last announced its 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird lowered their price target on shares of 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.