9,592 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,592 shares of the business services provider’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Copart during the 1st quarter valued at $28,000. Pinnacle Bancorp Inc. raised its position in Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares in the last quarter. Indiana Trust & Investment Management CO bought a new stake in Copart during the 1st quarter valued at $36,000. Pittenger & Anderson Inc. increased its holdings in shares of Copart by 125.8% in the 1st quarter. Pittenger & Anderson Inc. now owns 718 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 400 shares during the period. Finally, Trust Co. of Vermont purchased a new position in shares of Copart in the 4th quarter valued at $38,000. 85.78% of the stock is owned by institutional investors.

Copart Trading Down 1.0 %

Shares of NASDAQ:CPRT traded down $0.50 on Friday, reaching $51.73. The company had a trading volume of 3,767,234 shares, compared to its average volume of 4,364,919. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The firm’s 50 day simple moving average is $53.40 and its 200-day simple moving average is $53.49. The firm has a market capitalization of $49.78 billion, a PE ratio of 36.43 and a beta of 1.28.

Copart (NASDAQ:CPRT) last announced its earnings results 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. Copart had a return on equity of 20.80% and a net margin of 33.33%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities research analysts predict that Copart, Inc. will post 1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.