Motley Fool Asset Management LLC Grows Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Motley Fool Asset Management LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,862 shares of the business services provider’s stock after buying an additional 3,638 shares during the period. Motley Fool Asset Management LLC’s holdings in Copart were worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Copart during the first quarter worth about $28,000. Pinnacle Bancorp Inc. raised its position in Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Copart during the fourth quarter worth about $34,000. Indiana Trust & Investment Management CO acquired a new position in Copart during the first quarter worth about $36,000. Finally, Trust Co. of Vermont acquired a new position in Copart during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 1.9 %

Shares of NASDAQ:CPRT traded down $1.01 during trading on Wednesday, reaching $52.99. The stock had a trading volume of 6,819,914 shares, compared to its average volume of 4,480,832. The business has a fifty day moving average price of $54.14 and a 200-day moving average price of $53.10. The stock has a market cap of $50.99 billion, a P/E ratio of 37.69 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, equities analysts forecast that Copart, Inc. will post 1.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their target price on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.00.

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.