Fidelis Capital Partners LLC Raises Holdings in Copart, Inc. (NASDAQ:CPRT)

Fidelis Capital Partners LLC grew its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,398 shares of the business services provider’s stock after purchasing an additional 256 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Copart were worth $791,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CPRT. China Universal Asset Management Co. Ltd. grew its holdings in shares of Copart by 111.0% during the third quarter. China Universal Asset Management Co. Ltd. now owns 12,206 shares of the business services provider’s stock worth $640,000 after buying an additional 6,420 shares during the last quarter. abrdn plc grew its holdings in shares of Copart by 17.8% during the third quarter. abrdn plc now owns 278,934 shares of the business services provider’s stock worth $14,576,000 after buying an additional 42,182 shares during the last quarter. Semanteon Capital Management LP grew its holdings in shares of Copart by 26.4% during the third quarter. Semanteon Capital Management LP now owns 9,509 shares of the business services provider’s stock worth $498,000 after buying an additional 1,988 shares during the last quarter. Cavalier Investments LLC grew its holdings in shares of Copart by 6.7% during the third quarter. Cavalier Investments LLC now owns 49,765 shares of the business services provider’s stock worth $2,608,000 after buying an additional 3,105 shares during the last quarter. Finally, Custom Index Systems LLC purchased a new position in shares of Copart during the third quarter worth about $211,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price target 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 0.2 %

NASDAQ CPRT opened at $52.30 on Thursday. The business’s 50 day moving average is $52.30 and its two-hundred day moving average is $53.04. Copart, Inc. has a 12-month low of $42.83 and a 12-month high of $58.58. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 36.83 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its earnings results 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). 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 previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

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.