Ensign Peak Advisors Inc Has $27.95 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Ensign Peak Advisors Inc trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 38.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 516,007 shares of the business services provider’s stock after selling 325,587 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Copart worth $27,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Cadence Bank lifted its stake in shares of Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after acquiring an additional 187 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares during the period. Spinnaker Trust lifted its stake in shares of Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after acquiring an additional 200 shares during the period. Values First Advisors Inc. lifted its stake in shares of Copart by 2.9% in the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after acquiring an additional 201 shares during the period. Finally, Burney Co. lifted its stake in shares of Copart by 1.4% in the second quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock worth $812,000 after acquiring an additional 206 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copart Stock Performance

Shares of CPRT opened at $51.44 on Monday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The business’s 50 day moving average price is $51.47 and its two-hundred day moving average price is $53.70. The firm has a market cap of $49.50 billion, a PE ratio of 36.23 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. Research analysts predict that Copart, Inc. will post 1.54 EPS 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.