Copart, Inc. (NASDAQ:CPRT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,789 shares of the business services provider’s stock after selling 5,628 shares during the quarter. Cetera Investment Advisers’ holdings in Copart were worth $9,683,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. increased its position in shares of Copart by 4.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 52,959 shares of the business services provider’s stock valued at $2,595,000 after buying an additional 2,147 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Copart by 606.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 98,925 shares of the business services provider’s stock valued at $4,847,000 after acquiring an additional 84,930 shares in the last quarter. Morningstar Investment Services LLC acquired a new position in Copart during the fourth quarter worth about $226,000. Prudential PLC lifted its holdings in shares of Copart by 28.3% in the fourth quarter. Prudential PLC now owns 124,086 shares of the business services provider’s stock valued at $6,080,000 after purchasing an additional 27,361 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Copart by 12.9% in the fourth quarter. Schroder Investment Management Group now owns 809,667 shares of the business services provider’s stock valued at $39,674,000 after purchasing an additional 92,461 shares during the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Up 1.4 %

Shares of CPRT stock opened at $52.90 on Friday. The company has a market capitalization of $50.91 billion, a price-to-earnings ratio of 37.25 and a beta of 1.27. The firm has a 50-day moving average price of $51.48 and a 200 day moving average price of $53.50. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research 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.