Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lifted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,290 shares of the business services provider’s stock after buying an additional 1,795 shares during the period. Clear Harbor Asset Management LLC’s holdings in Copart were worth $8,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Optimum Investment Advisors increased its holdings in 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 purchasing an additional 300 shares in the last quarter. Eastern Bank acquired a new stake in Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC increased its holdings in 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 in the last quarter. Meeder Asset Management Inc. increased its holdings in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Shares of Copart stock opened at $51.71 on Friday. The business has a 50-day moving average of $52.30 and a 200-day moving average of $53.12. The company has a market capitalization of $49.76 billion, a PE ratio of 36.42 and a beta of 1.27. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last announced 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their target price 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.