Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. boosted its position in shares of Copart, Inc. (NASDAQ:CPRT) by 17.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,979 shares of the business services provider’s stock after purchasing an additional 13,554 shares during the period. Kinsale Capital Group Inc.’s holdings in Copart were worth $4,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CPRT. Principal Financial Group Inc. raised its position in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares during the period. Bank of New York Mellon Corp raised its position in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after purchasing an additional 1,199,781 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Copart by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after purchasing an additional 30,454 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Copart by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after purchasing an additional 598,566 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares during the period. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copart Stock Down 1.2 %

CPRT opened at $56.67 on Friday. The firm has a market cap of $54.59 billion, a P/E ratio of 40.77 and a beta of 1.27. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $58.58. The business has a fifty day simple moving average of $52.99 and a 200-day simple moving average of $53.10.

Copart (NASDAQ:CPRT) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share. Sell-side analysts expect that Copart, Inc. will post 1.54 earnings per share 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.