Epoch Investment Partners Inc. Purchases 49,642 Shares of Copart, Inc. $CPRT

Epoch Investment Partners Inc. raised its position in Copart, Inc. (NASDAQ:CPRT) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,405,198 shares of the business services provider’s stock after buying an additional 49,642 shares during the quarter. Epoch Investment Partners Inc. owned 0.35% of Copart worth $113,053,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC bought a new stake in shares of Copart in the fourth quarter valued at about $25,000. Cache Advisors LLC bought a new position in Copart during the first quarter worth about $31,000. Reflection Asset Management bought a new position in Copart during the fourth quarter worth about $34,000. Triumph Capital Management raised its stake in Copart by 424.2% in the 4th quarter. Triumph Capital Management now owns 1,017 shares of the business services provider’s stock worth $40,000 after purchasing an additional 823 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Copart by 129.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,350 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 761 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 2.7%

Shares of NASDAQ:CPRT opened at $27.94 on Friday. The firm has a 50 day moving average of $30.17 and a 200-day moving average of $34.07. Copart, Inc. has a 12 month low of $26.81 and a 12 month high of $50.11. The stock has a market capitalization of $25.87 billion, a PE ratio of 17.35 and a beta of 1.02.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Thursday, May 21st. The business services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.19 billion. Copart had a net margin of 33.48% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, research analysts predict that Copart, Inc. will post 1.58 EPS for the current fiscal year.

Analyst Ratings Changes

CPRT has been the topic of several recent research reports. Freedom Capital raised shares of Copart to a “strong-buy” rating in a report on Friday, June 26th. Jefferies Financial Group set a $45.00 price target on Copart in a research report on Friday, May 22nd. Zacks Research upgraded Copart from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut Copart from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Finally, Barclays set a $26.00 target price on Copart and gave the company an “underweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Copart Profile

Copart (NASDAQ: CPRT) is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart’s business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.

Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.