Mount Yale Investment Advisors LLC Has $2.33 Million Position in Copart, Inc. (NASDAQ:CPRT)

Mount Yale Investment Advisors LLC reduced its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,215 shares of the business services provider’s stock after selling 3,380 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Copart were worth $2,329,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CPRT. Norges Bank acquired a new stake in shares of Copart in the 4th quarter valued at about $463,262,000. Bank of New York Mellon Corp boosted its stake in Copart by 116.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock valued at $857,718,000 after purchasing an additional 7,956,043 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Copart by 243.3% during the 4th quarter. Mackenzie Financial Corp now owns 3,839,773 shares of the business services provider’s stock valued at $188,149,000 after purchasing an additional 2,721,412 shares during the last quarter. TD Asset Management Inc boosted its stake in Copart by 258.1% during the 4th quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock valued at $166,250,000 after purchasing an additional 2,445,440 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of Copart stock remained flat at $51.05 during mid-day trading on Monday. 3,126,468 shares of the company’s stock traded hands, compared to its average volume of 4,479,180. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm’s 50 day moving average is $53.64 and its 200-day moving average is $53.35. The stock has a market capitalization of $49.13 billion, a P/E ratio of 35.89 and a beta of 1.28.

Copart (NASDAQ:CPRT) last posted its earnings results on Thursday, May 16th. The business services provider reported $0.39 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 analysts’ expectations of $1.11 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. On average, research analysts predict that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Copart from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three investment 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 a consensus rating of “Hold” and a consensus price target of $51.00.

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.