Lombard Odier Asset Management Europe Ltd Acquires New Shares in Copart, Inc. (NASDAQ:CPRT)

Lombard Odier Asset Management Europe Ltd acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,874 shares of the business services provider’s stock, valued at approximately $1,780,000.

Other hedge funds have also recently bought and sold shares of the company. Cadence Bank grew its holdings in Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after buying an additional 200 shares during the last quarter. Spinnaker Trust grew its holdings in Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after buying an additional 200 shares during the last quarter. Values First Advisors Inc. grew its holdings in Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after buying an additional 201 shares during the last quarter. Finally, Burney Co. grew its holdings in Copart by 1.4% during the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock valued at $812,000 after buying an additional 206 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Stock Up 0.5 %

CPRT stock opened at $51.69 on Tuesday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock’s fifty day simple moving average is $51.41 and its 200-day simple moving average is $53.68. The stock has a market capitalization of $49.74 billion, a price-to-earnings ratio of 36.40 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued 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). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. As a group, analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird lowered 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 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.