US Bancorp DE Decreases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

US Bancorp DE decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,471,521 shares of the business services provider’s stock after selling 8,837 shares during the quarter. US Bancorp DE owned 0.15% of Copart worth $77,108,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cadence Bank boosted its stake in Copart by 0.6% in the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 187 shares during the period. WASHINGTON TRUST Co boosted its stake in Copart by 0.3% in 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 period. Spinnaker Trust boosted its stake in Copart by 4.0% in the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares during the period. Values First Advisors Inc. boosted its stake 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 period. Finally, Duncan Williams Asset Management LLC boosted its stake in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

Shares of CPRT opened at $51.47 on Friday. The stock has a market capitalization of $49.58 billion, a price-to-earnings ratio of 36.25 and a beta of 1.27. Copart, Inc. has a 1 year low of $42.83 and a 1 year high of $58.58. The business’s 50 day simple moving average is $52.29 and its 200-day simple moving average is $53.03.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, sell-side analysts expect that Copart, Inc. will post 1.54 earnings per share for the current 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.