Chicago Capital LLC Reduces Position in Copart, Inc. (NASDAQ:CPRT)

Chicago Capital LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 108,289 shares of the business services provider’s stock after selling 1,776 shares during the period. Chicago Capital LLC’s holdings in Copart were worth $5,674,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CPRT. Manning & Napier Advisors LLC purchased a new position in shares of Copart during the second quarter valued at approximately $109,382,000. Price T Rowe Associates Inc. MD grew its position in Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. TD Asset Management Inc grew its position in Copart by 43.3% in the 1st quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock worth $281,616,000 after purchasing an additional 1,469,292 shares during the period. Kimelman & Baird LLC purchased a new stake in Copart during the 2nd quarter valued at $70,307,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Copart by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after buying an additional 1,199,781 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.4 %

Shares of NASDAQ CPRT opened at $53.88 on Friday. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The firm has a market capitalization of $51.85 billion, a price-to-earnings ratio of 37.94 and a beta of 1.27. The firm has a 50 day moving average of $52.22 and a 200 day moving average of $53.29.

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

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

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.