Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1,103.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,931 shares of the business services provider’s stock after purchasing an additional 974,585 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Copart were worth $55,698,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Blueshift Asset Management LLC purchased a new position in Copart in the third quarter worth $697,000. Freedom Investment Management Inc. raised its position in Copart by 4.7% in the third quarter. Freedom Investment Management Inc. now owns 26,247 shares of the business services provider’s stock worth $1,375,000 after acquiring an additional 1,185 shares in the last quarter. Townsquare Capital LLC raised its position in Copart by 11.7% in the third quarter. Townsquare Capital LLC now owns 186,125 shares of the business services provider’s stock worth $9,753,000 after acquiring an additional 19,468 shares in the last quarter. Cadence Bank raised its position in Copart by 0.6% in the third quarter. Cadence Bank now owns 31,549 shares of the business services provider’s stock worth $1,653,000 after acquiring an additional 178 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Copart by 58.3% in the third quarter. BNP Paribas Financial Markets now owns 2,292,500 shares of the business services provider’s stock worth $120,127,000 after acquiring an additional 844,014 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Copart Stock Down 0.5 %

CPRT opened at $63.51 on Thursday. The business’s fifty day simple moving average is $54.33 and its 200 day simple moving average is $53.30. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38. The firm has a market cap of $61.18 billion, a P/E ratio of 44.73 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS 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.