Copart, Inc. (NASDAQ:CPRT) Shares Bought by ORG Partners LLC

ORG Partners LLC increased its position in Copart, Inc. (NASDAQ:CPRT) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,814 shares of the business services provider’s stock after buying an additional 534 shares during the period. ORG Partners LLC’s holdings in Copart were worth $252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of 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 purchasing an additional 14,126 shares during the last quarter. Nordea Investment Management AB raised its position 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 during the period. Silvercrest Asset Management Group LLC boosted its holdings in Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after acquiring an additional 10,959 shares during the last quarter. Motco grew its position in Copart by 6,085.7% during the first quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after acquiring an additional 10,224 shares during the period. Finally, Twin Tree Management LP acquired a new stake in Copart during the first quarter worth about $3,877,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Down 1.2 %

CPRT opened at $55.25 on Tuesday. The firm’s 50 day moving average is $51.88 and its 200-day moving average is $53.35. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The firm has a market capitalization of $53.17 billion, a P/E ratio of 38.91 and a beta of 1.27.

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

Wall Street Analyst Weigh In

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