Copart, Inc. (NASDAQ:CPRT) Shares Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 42.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,548 shares of the business services provider’s stock after purchasing an additional 20,848 shares during the period. Copart makes up about 1.7% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 18th largest position. Sustainable Insight Capital Management LLC’s holdings in Copart were worth $3,644,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors grew its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after buying an additional 300 shares during the period. Eastern Bank acquired a new stake in shares of Copart in the 3rd quarter worth approximately $29,000. Crewe Advisors LLC increased its stake in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after purchasing an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Price Performance

Shares of CPRT opened at $56.12 on Friday. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $58.58. The firm has a 50 day simple moving average of $52.44 and a 200-day simple moving average of $53.04. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 40.37 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, equities analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

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.