Natixis Advisors LLC Acquires 53,834 Shares of Copart, Inc. (NASDAQ:CPRT)

Natixis Advisors LLC lifted its stake in Copart, Inc. (NASDAQ:CPRT) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,290,498 shares of the business services provider’s stock after buying an additional 53,834 shares during the period. Natixis Advisors LLC owned about 0.13% of Copart worth $67,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CPRT. Empowered Funds LLC lifted its holdings in Copart by 20.9% during the 3rd quarter. Empowered Funds LLC now owns 64,069 shares of the business services provider’s stock valued at $3,357,000 after purchasing an additional 11,089 shares during the last quarter. Empirical Finance LLC boosted its holdings in shares of Copart by 2.5% in the 3rd quarter. Empirical Finance LLC now owns 28,821 shares of the business services provider’s stock worth $1,510,000 after acquiring an additional 716 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Copart by 11.8% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 6,801 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 719 shares in the last quarter. CIBC Asset Management Inc raised its position in Copart by 5.7% in the 3rd quarter. CIBC Asset Management Inc now owns 288,490 shares of the business services provider’s stock valued at $15,117,000 after purchasing an additional 15,577 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Copart by 1.8% in the third quarter. OneDigital Investment Advisors LLC now owns 19,298 shares of the business services provider’s stock worth $1,011,000 after purchasing an additional 337 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Down 1.2 %

CPRT stock opened at $56.67 on Friday. The business has a fifty day moving average of $52.99 and a 200-day moving average of $53.10. The company has a market cap of $54.59 billion, a P/E ratio of 40.77 and a beta of 1.27. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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