Whittier Trust Co. of Nevada Inc. Increases Position in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. of Nevada Inc. boosted its position in Copart, Inc. (NASDAQ:CPRT) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 232,978 shares of the business services provider’s stock after acquiring an additional 7,449 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Copart were worth $12,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CPRT. Nordea Investment Management AB grew its position in shares of Copart by 44.1% in the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after purchasing an additional 636,438 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 10,959 shares during the period. Motco increased its stake in shares of Copart by 6,085.7% during the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after acquiring an additional 10,224 shares during the last quarter. Twin Tree Management LP purchased a new position in shares of Copart during the 1st quarter worth about $3,877,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Copart in the second quarter worth approximately $109,382,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Copart Trading Down 2.3 %

Shares of Copart stock traded down $1.23 during trading hours on Monday, reaching $52.65. The stock had a trading volume of 2,672,593 shares, compared to its average volume of 4,495,417. The firm has a market capitalization of $50.66 billion, a price-to-earnings ratio of 37.94 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm has a 50 day simple moving average of $52.22 and a two-hundred day simple moving average of $53.29.

Copart (NASDAQ:CPRT) last issued its 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts forecast that Copart, Inc. will post 1.54 EPS for the current year.

About Copart

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.