Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Hills Bank & Trust Co

Hills Bank & Trust Co increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 52.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,877 shares of the business services provider’s stock after purchasing an additional 5,782 shares during the period. Hills Bank & Trust Co’s holdings in Copart were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Cadence Bank boosted its stake in shares of Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after acquiring an additional 187 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust grew its holdings in shares of Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after buying an additional 200 shares in the last quarter. Values First Advisors Inc. raised its position in shares of Copart by 2.9% in the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after buying an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC raised its position in shares of Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after buying an additional 203 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Price Performance

Copart stock opened at $51.41 on Friday. The stock has a market cap of $49.53 billion, a price-to-earnings ratio of 37.03 and a beta of 1.27. The firm has a 50 day simple moving average of $52.29 and a 200-day simple moving average of $53.03. Copart, Inc. has a 1-year low of $44.05 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.34 EPS. Copart’s revenue was up 7.2% compared to the same quarter last year. 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 price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock 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.