UniSuper Management Pty Ltd Has $1.64 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

UniSuper Management Pty Ltd raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 262.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,244 shares of the business services provider’s stock after purchasing an additional 20,442 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Copart were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CPRT. O Shaughnessy Asset Management LLC boosted its stake in shares of Copart by 8.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 72,083 shares of the business services provider’s stock valued at $4,175,000 after purchasing an additional 5,445 shares in the last quarter. Alley Investment Management Company LLC acquired a new position in Copart in the first quarter valued at about $221,000. Covestor Ltd grew its stake in Copart by 10.5% during the first quarter. Covestor Ltd now owns 4,204 shares of the business services provider’s stock worth $243,000 after buying an additional 398 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Copart by 9.4% during the first quarter. Jacobi Capital Management LLC now owns 4,782 shares of the business services provider’s stock worth $277,000 after buying an additional 410 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Copart in the 1st quarter worth approximately $644,000. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

Shares of CPRT stock traded down $1.16 during trading hours on Wednesday, reaching $51.16. 4,235,922 shares of the company were exchanged, compared to its average volume of 4,491,100. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock’s fifty day moving average is $53.88 and its two-hundred day moving average is $53.28. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 36.03 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business’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 business earned $0.36 EPS. On average, research analysts anticipate that Copart, Inc. will post 1.43 earnings per share for the current year.

Analyst Ratings Changes

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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.00.

Copart 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.