Copart, Inc. (NASDAQ:CPRT) Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,100 shares of the business services provider’s stock after buying an additional 602 shares during the quarter. D.B. Root & Company LLC’s holdings in Copart were worth $547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crown Oak Advisors LLC lifted its stake in Copart by 1.0% during the second quarter. Crown Oak Advisors LLC now owns 157,859 shares of the business services provider’s stock worth $8,550,000 after purchasing an additional 1,619 shares during the last quarter. Czech National Bank lifted its stake in Copart by 8.4% in the second quarter. Czech National Bank now owns 166,726 shares of the business services provider’s stock valued at $9,030,000 after buying an additional 12,979 shares during the last quarter. JGP Wealth Management LLC lifted its stake in Copart by 6.0% in the second quarter. JGP Wealth Management LLC now owns 19,420 shares of the business services provider’s stock valued at $1,052,000 after buying an additional 1,095 shares during the last quarter. SG Americas Securities LLC lifted its stake in Copart by 47.8% in the second quarter. SG Americas Securities LLC now owns 203,979 shares of the business services provider’s stock valued at $11,048,000 after buying an additional 65,987 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in Copart by 17.4% in the second quarter. Capital Investment Advisors LLC now owns 25,179 shares of the business services provider’s stock valued at $1,364,000 after buying an additional 3,725 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ CPRT traded down $0.73 on Monday, reaching $50.26. The stock had a trading volume of 2,790,506 shares, compared to its average volume of 4,477,795. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The business’s 50-day moving average price is $53.08 and its 200 day moving average price is $53.54. The stock has a market cap of $48.37 billion, a P/E ratio of 35.39 and a beta of 1.28.

Copart (NASDAQ:CPRT) last issued 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. Copart had a return on equity of 20.80% and a net margin of 33.33%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, sell-side analysts predict that Copart, Inc. will post 1.43 earnings per share for the current year.

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.