Physician Wealth Advisors Inc. Has $246,000 Stake in Copart, Inc. (NASDAQ:CPRT)

Physician Wealth Advisors Inc. boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 19.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,485 shares of the business services provider’s stock after buying an additional 733 shares during the period. Physician Wealth Advisors Inc.’s holdings in Copart were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRT. Rise Advisors LLC acquired a new stake in shares of Copart during the 1st quarter valued at about $28,000. Pinnacle Bancorp Inc. grew its stake in shares of Copart by 79.6% in the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares during the period. Crewe Advisors LLC grew its stake in shares of 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 during the period. Meeder Asset Management Inc. raised its holdings in shares of Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of CPRT opened at $54.54 on Thursday. The company has a market cap of $52.48 billion, a price-to-earnings ratio of 38.41 and a beta of 1.27. The stock has a fifty day moving average price of $52.09 and a two-hundred day moving average price of $53.34. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58.

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 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 company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their price objective 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 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.