Cobblestone Capital Advisors LLC NY Purchases 571 Shares of Copart, Inc. (NASDAQ:CPRT)

Cobblestone Capital Advisors LLC NY raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,500 shares of the business services provider’s stock after buying an additional 571 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Copart were worth $14,434,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CPRT. Norges Bank bought a new stake in shares of Copart in the 4th quarter worth about $463,262,000. Bank of New York Mellon Corp grew its stake in Copart by 116.1% during the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock worth $857,718,000 after buying an additional 7,956,043 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Copart by 258.1% during the fourth quarter. TD Asset Management Inc now owns 3,392,855 shares of the business services provider’s stock worth $166,250,000 after buying an additional 2,445,440 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Copart during the 2nd quarter valued at $109,382,000. Finally, Price T Rowe Associates Inc. MD raised its position in Copart by 28.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after purchasing an additional 1,500,466 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.00.

Copart Trading Down 0.1 %

Copart stock traded down $0.05 during mid-day trading on Friday, hitting $49.46. The stock had a trading volume of 7,844,381 shares, compared to its average volume of 4,495,760. The stock has a market capitalization of $47.60 billion, a PE ratio of 34.83 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The stock has a 50-day simple moving average of $52.29 and a two-hundred day simple moving average of $53.81.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. Copart’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. Sell-side analysts expect 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.