Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 476,816 shares of the business services provider’s stock after purchasing an additional 18,697 shares during the period. Whittier Trust Co.’s holdings in Copart were worth $24,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Optimum Investment Advisors boosted its stake in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after buying an additional 234 shares during the period. Crewe Advisors LLC raised its stake in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of 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 buying an additional 425 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Copart Trading Down 2.3 %

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

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS 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 during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Copart, Inc. will post 1.54 EPS for the current year.

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.