Copart, Inc. (NASDAQ:CPRT) Stock Position Lifted by Blair William & Co. IL

Blair William & Co. IL boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 0.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,241,560 shares of the business services provider’s stock after buying an additional 6,296 shares during the period. Copart accounts for 0.9% of Blair William & Co. IL’s portfolio, making the stock its 24th biggest holding. Blair William & Co. IL owned about 0.54% of Copart worth $283,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CPRT. Cadence Bank lifted its holdings in shares of Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after buying an additional 187 shares during the period. WASHINGTON TRUST Co boosted its position in shares of Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after purchasing an additional 200 shares in the last quarter. Spinnaker Trust raised its holdings in shares of Copart by 4.0% in the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares in the last quarter. Values First Advisors Inc. lifted its stake in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Burney Co. boosted its holdings in Copart by 1.4% during the second quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock worth $812,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

Shares of CPRT opened at $50.72 on Wednesday. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The company has a 50-day moving average of $51.75 and a two-hundred day moving average of $53.78. The stock has a market cap of $48.81 billion, a price-to-earnings ratio of 35.72 and a beta of 1.27.

Copart (NASDAQ:CPRT) last announced its 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm earned $0.34 earnings per share. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

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 research 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.