Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 22.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,425 shares of the business services provider’s stock after purchasing an additional 13,878 shares during the quarter. Copart makes up about 1.4% of Kinsale Capital Group Inc.’s investment portfolio, making the stock its 29th largest holding. Kinsale Capital Group Inc.’s holdings in Copart were worth $4,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Copart by 2.6% during the first quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock valued at $2,272,369,000 after acquiring an additional 1,009,053 shares during the period. Capital World Investors boosted its holdings in shares of Copart by 1.0% during the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock valued at $1,049,551,000 after acquiring an additional 207,349 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after acquiring an additional 1,199,781 shares during the period. Norges Bank acquired a new position in shares of Copart during the fourth quarter valued at $463,262,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Copart by 4.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock valued at $403,867,000 after acquiring an additional 370,188 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Up 0.2 %

CPRT stock opened at $49.51 on Wednesday. The company has a market capitalization of $47.64 billion, a P/E ratio of 34.87 and a beta of 1.27. The company has a 50-day simple moving average of $52.11 and a 200 day simple moving average of $53.87. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a 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.