Blue Trust Inc. Has $423,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Blue Trust Inc. lifted its position in Copart, Inc. (NASDAQ:CPRT) by 1,282.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,301 shares of the business services provider’s stock after buying an additional 6,773 shares during the quarter. Blue Trust Inc.’s holdings in Copart were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rise Advisors LLC bought a new position in Copart in the 1st quarter valued at $28,000. Pinnacle Bancorp Inc. grew its holdings in Copart by 79.6% during the 1st 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. Versant Capital Management Inc increased its position in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of Copart during the first quarter worth approximately $36,000. Finally, Trust Co. of Vermont bought a new stake in shares of Copart during the fourth quarter valued at approximately $38,000. 85.78% of the stock is owned by institutional investors.

Copart Stock Down 0.6 %

NASDAQ:CPRT traded down $0.29 during trading hours on Friday, hitting $51.31. 3,376,348 shares of the stock were exchanged, compared to its average volume of 4,477,456. The company’s 50 day moving average is $52.89 and its two-hundred day moving average is $53.55. The company has a market capitalization of $49.38 billion, a P/E ratio of 36.13 and a beta of 1.28. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

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