Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in Copart, Inc. (NASDAQ:CPRT) by 22.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,837 shares of the business services provider’s stock after purchasing an additional 53,625 shares during the period. Cerity Partners LLC’s holdings in Copart were worth $15,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CPRT. Optimum Investment Advisors increased its holdings in shares of Copart by 141.5% in the third 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 period. Eastern Bank acquired a new position in Copart in the 3rd quarter worth approximately $29,000. Crewe Advisors LLC increased its holdings in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the period. Meeder Asset Management Inc. raised its position in Copart by 283.3% during the 2nd 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 lifted its stake in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

CPRT stock opened at $63.75 on Tuesday. Copart, Inc. has a one year low of $46.21 and a one year high of $64.19. The firm’s fifty day moving average is $54.07 and its 200 day moving average is $53.24. The firm has a market cap of $61.42 billion, a PE ratio of 44.89 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. Copart’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Research analysts predict that Copart, Inc. will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPRT. Robert W. Baird reduced their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

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.