Copart, Inc. (NASDAQ:CPRT) Stock Holdings Boosted by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,965 shares of the business services provider’s stock after purchasing an additional 2,291 shares during the quarter. Torray Investment Partners LLC’s holdings in Copart were worth $7,689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cadence Bank grew its holdings in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after acquiring an additional 187 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Copart by 0.3% during the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust grew its stake in Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 200 shares in the last quarter. Values First Advisors Inc. increased its position in Copart by 2.9% in the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Burney Co. lifted its holdings in shares of Copart by 1.4% during the 2nd quarter. Burney Co. now owns 15,001 shares of the business services provider’s stock valued at $812,000 after buying an additional 206 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

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 on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

Copart Stock Performance

Shares of CPRT traded down $0.05 during trading hours on Friday, hitting $49.46. 7,844,381 shares of the company were exchanged, compared to its average volume of 4,495,760. The firm’s 50 day moving average is $52.29 and its 200-day moving average is $53.81. Copart, Inc. has a 52 week low of $42.41 and a 52 week high of $58.58. The company has a market cap of $47.60 billion, a PE ratio of 34.83 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. As a group, equities analysts forecast that Copart, Inc. will post 1.43 earnings per share for the current fiscal year.

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.