Empirical Finance LLC Buys 716 Shares of Copart, Inc. (NASDAQ:CPRT)

Empirical Finance LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,821 shares of the business services provider’s stock after acquiring an additional 716 shares during the period. Empirical Finance LLC’s holdings in Copart were worth $1,510,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CPRT. Silvercrest Asset Management Group LLC boosted its holdings in shares of Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 10,959 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Copart in the 1st quarter valued at about $3,877,000. Manning & Napier Advisors LLC acquired a new position in shares of Copart during the 2nd quarter worth about $109,382,000. Edgestream Partners L.P. bought a new stake in shares of Copart in the 1st quarter valued at about $644,000. Finally, Comerica Bank lifted its stake in Copart by 5.9% in the 1st quarter. Comerica Bank now owns 336,206 shares of the business services provider’s stock valued at $19,473,000 after purchasing an additional 18,605 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ CPRT opened at $56.67 on Friday. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $58.58. The stock has a market cap of $54.59 billion, a PE ratio of 40.77 and a beta of 1.27. The firm has a 50-day moving average of $52.99 and a 200-day moving average of $53.11.

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 the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for 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 company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. As a group, analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note 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.