Epoch Investment Partners Inc. Buys 29,098 Shares of Copart, Inc. (NASDAQ:CPRT)

Epoch Investment Partners Inc. lifted its position in Copart, Inc. (NASDAQ:CPRT) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,820,835 shares of the business services provider’s stock after purchasing an additional 29,098 shares during the quarter. Epoch Investment Partners Inc. owned 0.29% of Copart worth $152,776,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Rise Advisors LLC acquired a new position in Copart in the first quarter valued at about $28,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC grew its position in Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares during the last quarter. Meeder Asset Management Inc. grew its position in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Copart by 477.7% in the 2nd 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 last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th.

Copart Trading Down 0.7 %

Shares of CPRT stock opened at $51.44 on Friday. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm’s 50 day moving average is $51.47 and its 200-day moving average is $53.71. The firm has a market capitalization of $49.50 billion, a price-to-earnings ratio of 36.23 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities research analysts forecast that Copart, Inc. will post 1.54 earnings per share 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.