Lion Street Advisors LLC Purchases Shares of 4,465 Copart, Inc. (NASDAQ:CPRT)

Lion Street Advisors LLC acquired a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,465 shares of the business services provider’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Syon Capital LLC purchased a new position in Copart in the fourth quarter worth about $228,000. EP Wealth Advisors LLC increased its position in shares of Copart by 11.0% during the 4th quarter. EP Wealth Advisors LLC now owns 8,788 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 872 shares during the last quarter. American International Group Inc. lifted its position in Copart by 1.4% in the fourth quarter. American International Group Inc. now owns 348,695 shares of the business services provider’s stock worth $17,086,000 after buying an additional 4,820 shares during the last quarter. Trust Co. of Vermont purchased a new position in Copart during the fourth quarter worth $38,000. Finally, HighPoint Advisor Group LLC bought a new position in Copart during the fourth quarter valued at $495,000. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

Copart Stock Up 0.6 %

CPRT opened at $55.92 on Friday. The business has a fifty day moving average of $51.79 and a 200 day moving average of $53.40. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The stock has a market cap of $53.87 billion, a P/E ratio of 40.23 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its earnings results 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). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. Equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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.