Copart, Inc. (NASDAQ:CPRT) Shares Sold by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,630 shares of the business services provider’s stock after selling 1,400 shares during the period. Octavia Wealth Advisors LLC’s holdings in Copart were worth $400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Perpetual Ltd increased its position in Copart by 9.6% during the first quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock worth $9,344,000 after buying an additional 14,126 shares during the period. Nordea Investment Management AB increased its position in Copart by 44.1% during the first 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 during the period. Silvercrest Asset Management Group LLC increased its position in Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the period. Motco increased its holdings in shares of Copart by 6,085.7% in the first quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after purchasing an additional 10,224 shares during the period. Finally, Twin Tree Management LP acquired a new position in shares of Copart in the first quarter valued at approximately $3,877,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Trading Up 0.6 %

NASDAQ:CPRT opened at $55.92 on Friday. The firm has a market cap of $53.87 billion, a P/E ratio of 40.23 and a beta of 1.27. The stock’s 50 day simple moving average is $51.79 and its 200-day simple moving average is $53.43. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58.

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird dropped their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a 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.