Copart, Inc. (NASDAQ:CPRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 9.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 794,690 shares of the business services provider’s stock after selling 82,952 shares during the period. Victory Capital Management Inc. owned about 0.08% of Copart worth $41,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CPRT. Dorsey & Whitney Trust CO LLC lifted its position in shares of Copart by 2.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock valued at $524,000 after acquiring an additional 209 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Copart in the first quarter valued at $3,877,000. Nwam LLC purchased a new stake in shares of Copart in the first quarter valued at $224,000. Edgestream Partners L.P. purchased a new stake in shares of Copart in the first quarter valued at $644,000. Finally, Jacobi Capital Management LLC lifted its holdings in shares of Copart by 9.4% in the first quarter. Jacobi Capital Management LLC now owns 4,782 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 410 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 1.2 %

CPRT opened at $56.67 on Friday. The stock has a fifty day moving average of $52.99 and a 200-day moving average of $53.11. The firm has a market capitalization of $54.59 billion, a P/E ratio of 40.77 and a beta of 1.27. Copart, Inc. has a 12-month low of $46.21 and a 12-month high of $58.58.

Copart (NASDAQ:CPRT) last posted 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company posted $0.34 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Copart

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.