Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in Copart, Inc. (NASDAQ:CPRT) by 37.9% in the third quarter, Holdings Channel reports. The firm owned 9,816 shares of the business services provider’s stock after buying an additional 2,697 shares during the period. Venturi Wealth Management LLC’s holdings in Copart were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its holdings in shares of Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank purchased a new position in shares of Copart in the third quarter worth $29,000. Crewe Advisors LLC lifted its stake in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares during the period. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their price target on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th.

Copart Price Performance

Shares of Copart stock opened at $57.18 on Wednesday. The stock has a market cap of $55.09 billion, a PE ratio of 41.14 and a beta of 1.27. The firm has a fifty day moving average price of $52.59 and a 200 day moving average price of $53.04. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. As a group, equities analysts expect that Copart, Inc. will post 1.54 EPS for the current year.

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.