Copart, Inc. (NASDAQ:CPRT) Stock Position Lifted by KBC Group NV

KBC Group NV lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,952 shares of the business services provider’s stock after purchasing an additional 296 shares during the quarter. KBC Group NV’s holdings in Copart were worth $7,910,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cadence Bank raised its position in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after buying an additional 187 shares in the last quarter. WASHINGTON TRUST Co lifted its position in Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the period. Spinnaker Trust lifted its position in Copart by 4.0% in the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock worth $283,000 after purchasing an additional 200 shares during the period. Values First Advisors Inc. boosted its stake in Copart by 2.9% during the 2nd quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its position in shares of Copart by 1.3% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $809,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Performance

Shares of NASDAQ:CPRT opened at $56.67 on Friday. The stock has a market capitalization of $54.59 billion, a price-to-earnings ratio of 40.77 and a beta of 1.27. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $58.58. The company has a 50 day moving average price of $52.99 and a 200 day moving average price of $53.10.

Copart (NASDAQ:CPRT) last issued its 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). 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 quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.