Copperwynd Financial LLC Boosts Stake in Copart, Inc. (NASDAQ:CPRT)

Copperwynd Financial LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 19.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,358 shares of the business services provider’s stock after acquiring an additional 6,791 shares during the quarter. Copart accounts for about 0.7% of Copperwynd Financial LLC’s portfolio, making the stock its 27th biggest holding. Copperwynd Financial LLC’s holdings in Copart were worth $2,217,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Algert Global LLC purchased a new stake in shares of Copart during the second quarter worth $551,000. Annandale Capital LLC raised its position in Copart by 305.8% in the second quarter. Annandale Capital LLC now owns 70,324 shares of the business services provider’s stock valued at $3,809,000 after purchasing an additional 104,500 shares during the period. Dorsey Wright & Associates lifted its position in Copart by 2.6% in the second quarter. Dorsey Wright & Associates now owns 29,547 shares of the business services provider’s stock valued at $1,600,000 after buying an additional 744 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Copart by 161.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 246,800 shares of the business services provider’s stock worth $13,367,000 after acquiring an additional 152,369 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Copart by 9.4% during the second quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock worth $376,035,000 after buying an additional 598,566 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 0.1 %

Shares of CPRT stock opened at $52.06 on Friday. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock’s 50-day moving average price is $51.38 and its 200 day moving average price is $53.61. The stock has a market capitalization of $50.10 billion, a PE ratio of 36.66 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. Analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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 report on Thursday, September 5th.

About Copart

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.