Artemis Investment Management LLP Has $94.12 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Artemis Investment Management LLP raised its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 39.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,625,716 shares of the business services provider’s stock after buying an additional 458,530 shares during the period. Copart comprises about 1.2% of Artemis Investment Management LLP’s investment portfolio, making the stock its 20th biggest holding. Artemis Investment Management LLP’s holdings in Copart were worth $94,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CPRT. Rise Advisors LLC bought a new position in Copart during the first quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new position in shares of Copart during the 4th quarter valued at $34,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Copart in the 1st quarter valued at $36,000. Trust Co. of Vermont bought a new stake in Copart in the fourth quarter worth $38,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Copart during the fourth quarter valued at about $40,000. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Copart presently has a consensus rating of “Hold” and an average price target of $51.00.

Copart Trading Down 1.1 %

CPRT traded down $0.60 during trading on Friday, hitting $54.16. The stock had a trading volume of 25,202,217 shares, compared to its average volume of 4,531,927. The firm has a market cap of $52.12 billion, a PE ratio of 38.56 and a beta of 1.26. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The company has a 50 day simple moving average of $54.24 and a 200-day simple moving average of $52.55.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Copart had a return on equity of 20.80% and a net margin of 33.33%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.43 earnings per share 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.