Wisconsin Capital Management LLC Sells 5,962 Shares of Copart, Inc. (NASDAQ:CPRT)

Wisconsin Capital Management LLC trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,566 shares of the business services provider’s stock after selling 5,962 shares during the period. Copart comprises approximately 2.4% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Wisconsin Capital Management LLC’s holdings in Copart were worth $4,536,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CPRT. Private Advisor Group LLC grew its stake in shares of Copart by 1.8% in the first quarter. Private Advisor Group LLC now owns 24,417 shares of the business services provider’s stock worth $1,414,000 after acquiring an additional 424 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Copart by 365.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,071 shares of the business services provider’s stock worth $3,132,000 after buying an additional 42,455 shares during the period. Rehmann Capital Advisory Group increased its stake in Copart by 3.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 7,126 shares of the business services provider’s stock worth $413,000 after buying an additional 258 shares during the period. Signaturefd LLC lifted its holdings in shares of Copart by 4.0% in the 1st quarter. Signaturefd LLC now owns 16,831 shares of the business services provider’s stock worth $975,000 after buying an additional 645 shares during the period. Finally, Blue Square Asset Management LLC purchased a new stake in Copart during the first quarter worth $212,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Trading Up 0.8 %

CPRT stock opened at $52.89 on Wednesday. The firm has a 50-day moving average of $52.26 and a two-hundred day moving average of $52.99. Copart, Inc. has a one year low of $45.50 and a one year high of $58.58. The firm has a market capitalization of $50.95 billion, a PE ratio of 38.05 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s revenue for the quarter 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, equities research analysts anticipate 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.