Copart, Inc. (NASDAQ:CPRT) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its position in shares of Copart, Inc. (NASDAQ:CPRT) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,650 shares of the business services provider’s stock after selling 1,495 shares during the quarter. Hantz Financial Services Inc.’s holdings in Copart were worth $19,108,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in shares of Copart during the second quarter valued at approximately $109,382,000. Kinsale Capital Group Inc. raised its holdings in shares of Copart by 17.7% during the third quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock valued at $4,715,000 after acquiring an additional 13,554 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Copart by 162.9% during the first quarter. Cetera Investment Advisers now owns 184,417 shares of the business services provider’s stock valued at $10,681,000 after acquiring an additional 114,263 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Copart during the second quarter valued at approximately $5,418,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Copart by 263.0% in the second quarter. Assenagon Asset Management S.A. now owns 651,901 shares of the business services provider’s stock valued at $35,307,000 after purchasing an additional 472,318 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CPRT shares. JPMorgan Chase & Co. lifted their price objective on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird reduced 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 Stock Performance

CPRT stock opened at $63.51 on Friday. Copart, Inc. has a one year low of $46.21 and a one year high of $64.38. The firm has a market cap of $61.18 billion, a PE ratio of 44.73 and a beta of 1.27. The firm’s 50 day moving average price is $54.58 and its 200-day moving average price is $53.37.

Copart (NASDAQ:CPRT) last released 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). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.