Tokio Marine Asset Management Co. Ltd. Grows Position in Copart, Inc. (NASDAQ:CPRT)

Tokio Marine Asset Management Co. Ltd. raised its position in Copart, Inc. (NASDAQ:CPRT) by 33.6% during the third quarter, HoldingsChannel.com reports. The firm owned 412,171 shares of the business services provider’s stock after purchasing an additional 103,700 shares during the period. Copart makes up 0.9% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 23rd biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Copart were worth $21,598,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CPRT. Concurrent Investment Advisors LLC raised its holdings in shares of Copart by 7.0% in the first quarter. Concurrent Investment Advisors LLC now owns 6,211 shares of the business services provider’s stock valued at $360,000 after acquiring an additional 407 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Copart by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 17,325 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 436 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in Copart by 77.9% during the first quarter. Koshinski Asset Management Inc. now owns 15,217 shares of the business services provider’s stock valued at $881,000 after buying an additional 6,662 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in Copart by 2.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock worth $524,000 after buying an additional 209 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in Copart during the first quarter worth $3,877,000. Institutional investors own 85.78% of the company’s stock.

Copart Stock Down 0.3 %

Shares of NASDAQ CPRT traded down $0.20 during trading hours on Thursday, hitting $57.73. 132,446 shares of the stock were exchanged, compared to its average volume of 4,385,585. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58. The firm has a fifty day moving average price of $52.69 and a 200-day moving average price of $53.08. The company has a market cap of $55.62 billion, a PE ratio of 41.68 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 (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 return on equity of 19.55% and a net margin of 32.17%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, equities analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird cut 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 Company 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.