Segment Wealth Management LLC Has $2.14 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Segment Wealth Management LLC raised its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,873 shares of the business services provider’s stock after purchasing an additional 5,374 shares during the period. Segment Wealth Management LLC’s holdings in Copart were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in shares of Copart by 44.1% in the 1st 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 boosted its holdings in Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the last quarter. Motco grew its position 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 worth $602,000 after buying an additional 10,224 shares during the period. Twin Tree Management LP bought a new stake in shares of Copart in the 1st quarter valued at about $3,877,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Copart in the 2nd quarter valued at 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 lowered their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

Copart Price Performance

Shares of Copart stock opened at $52.07 on Wednesday. The company has a market capitalization of $50.11 billion, a P/E ratio of 36.67 and a beta of 1.27. The business has a 50-day moving average of $52.26 and a two-hundred day moving average of $53.23. 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 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion for 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 quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal 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.