Blue Trust Inc. Sells 587 Shares of Copart, Inc. (NASDAQ:CPRT)

Blue Trust Inc. decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,714 shares of the business services provider’s stock after selling 587 shares during the quarter. Blue Trust Inc.’s holdings in Copart were worth $364,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cadence Bank grew its holdings in Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 187 shares during the period. WASHINGTON TRUST Co increased its holdings in Copart by 0.3% in the 2nd 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 in the last quarter. Spinnaker Trust raised its stake in Copart by 4.0% during the 2nd 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 holdings in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC boosted its position in shares of Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after purchasing an additional 203 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 1.4 %

Shares of CPRT opened at $51.36 on Thursday. The business’s 50 day moving average is $52.28 and its 200 day moving average is $53.20. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The company has a market capitalization of $49.42 billion, a PE ratio of 36.17 and a beta of 1.27.

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

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price objective on shares of 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.