Curi RMB Capital LLC Buys 1,192 Shares of Copart, Inc. (NASDAQ:CPRT)

Curi RMB Capital LLC boosted its stake in Copart, Inc. (NASDAQ:CPRT) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,144 shares of the business services provider’s stock after purchasing an additional 1,192 shares during the period. Curi RMB Capital LLC’s holdings in Copart were worth $6,872,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jensen Investment Management Inc. boosted its position in Copart by 2,466.0% in the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after purchasing an additional 3,398,423 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after buying an additional 3,016,795 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Copart during the second quarter valued at approximately $109,382,000. Price T Rowe Associates Inc. MD raised its position in Copart by 28.0% in the first 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 acquiring an additional 1,500,466 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of Copart during the 2nd quarter worth $70,307,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Price Performance

CPRT opened at $57.34 on Friday. The company has a 50 day simple moving average of $52.84 and a two-hundred day simple moving average of $53.11. The firm has a market cap of $55.24 billion, a P/E ratio of 41.25 and a beta of 1.27. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results 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). 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%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 EPS. Equities analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, 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 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.