B. Metzler seel. Sohn & Co. Holding AG Acquires New Shares in Copart, Inc. (NASDAQ:CPRT)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,620 shares of the business services provider’s stock, valued at approximately $3,229,000.

Several other large investors also recently bought and sold shares of CPRT. Edgestream Partners L.P. acquired a new stake in Copart in the 1st quarter valued at about $644,000. Pitcairn Co. grew its position in shares of Copart by 24.5% in the first quarter. Pitcairn Co. now owns 10,889 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 2,143 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Copart during the 1st quarter worth approximately $144,000. CreativeOne Wealth LLC acquired a new position in shares of Copart during the 1st quarter worth approximately $344,000. Finally, EP Wealth Advisors LLC lifted its stake in Copart by 18.4% in the 1st quarter. EP Wealth Advisors LLC now owns 10,402 shares of the business services provider’s stock valued at $602,000 after buying an additional 1,614 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird dropped their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.

Copart Stock Performance

Shares of CPRT opened at $55.42 on Thursday. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58. The company has a market capitalization of $53.39 billion, a PE ratio of 39.87 and a beta of 1.27. The stock has a fifty day moving average of $53.39 and a two-hundred day moving average of $53.14.

Copart (NASDAQ:CPRT) last released its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business 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 revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities research analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

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.