Copart, Inc. (NASDAQ:CPRT) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 17.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,291 shares of the business services provider’s stock after acquiring an additional 3,843 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Copart were worth $1,523,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Perpetual Ltd boosted its position in Copart by 9.6% during the 1st quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock worth $9,344,000 after acquiring an additional 14,126 shares during the period. Nordea Investment Management AB raised its stake in shares of Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after buying an additional 636,438 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Copart by 15.9% in the 4th quarter. Baird Financial Group Inc. now owns 2,922,176 shares of the business services provider’s stock worth $143,187,000 after buying an additional 400,940 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Copart by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,848,048 shares of the business services provider’s stock worth $139,554,000 after buying an additional 44,248 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Copart in the 4th quarter worth $3,285,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Down 0.2 %

Shares of CPRT stock opened at $52.21 on Thursday. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58. The company has a market capitalization of $50.24 billion, a price-to-earnings ratio of 36.85 and a beta of 1.27. The stock’s fifty day simple moving average is $53.47 and its 200-day simple moving average is $53.39.

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

Analysts Set New Price Targets

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

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.