Copart, Inc. (NASDAQ:CPRT) Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,247 shares of the business services provider’s stock after acquiring an additional 1,185 shares during the period. Freedom Investment Management Inc.’s holdings in Copart were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CPRT. Optimum Investment Advisors boosted its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares during the period. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter worth $29,000. Crewe Advisors LLC grew its holdings in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after acquiring an additional 280 shares during the period. Meeder Asset Management Inc. raised its position in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after purchasing an additional 492 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock opened at $63.51 on Thursday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38. The firm has a 50 day simple moving average of $54.33 and a 200 day simple moving average of $53.30. The stock 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 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $1.07 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. Sell-side analysts predict that Copart, Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

CPRT has been the topic of several research reports. Robert W. Baird dropped their price target 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. lifted their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

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.