Thompson Siegel & Walmsley LLC Has $4.23 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Thompson Siegel & Walmsley LLC raised its position in Copart, Inc. (NASDAQ:CPRT) by 1.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 78,097 shares of the business services provider’s stock after purchasing an additional 1,097 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Copart were worth $4,230,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Copart by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after acquiring an additional 1,009,053 shares during the period. Capital World Investors grew its stake in Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock worth $1,049,551,000 after purchasing an additional 207,349 shares during the period. Bank of New York Mellon Corp increased its holdings in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after purchasing an additional 1,199,781 shares in the last quarter. Norges Bank acquired a new position in Copart in the fourth quarter valued at approximately $463,262,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after buying an additional 1,500,466 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Stock Performance

CPRT stock opened at $50.23 on Monday. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $53.80. The company has a market cap of $48.34 billion, a P/E ratio of 35.37 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. Copart’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Copart 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.