Ycg LLC Grows Holdings in Copart, Inc. (NASDAQ:CPRT)

Ycg LLC grew its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,180,339 shares of the business services provider’s stock after purchasing an additional 7,125 shares during the quarter. Copart makes up approximately 4.8% of Ycg LLC’s holdings, making the stock its 6th biggest position. Ycg LLC owned about 0.12% of Copart worth $61,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new position in Copart in the 3rd quarter worth approximately $29,000. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the 2nd 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 during the last quarter. Meeder Asset Management Inc. increased its holdings in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 Stock Performance

CPRT traded up $0.35 during trading on Friday, hitting $56.12. The stock had a trading volume of 3,186,506 shares, compared to its average volume of 3,849,101. The company has a market capitalization of $54.06 billion, a PE ratio of 40.37 and a beta of 1.27. The stock has a 50 day simple moving average of $52.44 and a two-hundred day simple moving average of $53.04. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58.

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). 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 quarter in the prior year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Copart, Inc. will post 1.54 EPS 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.