Nicolet Advisory Services LLC Lowers Holdings in Copart, Inc. (NASDAQ:CPRT)

Nicolet Advisory Services LLC reduced its position in shares of Copart, Inc. (NASDAQ:CPRT) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,303 shares of the business services provider’s stock after selling 1,666 shares during the period. Nicolet Advisory Services LLC’s holdings in Copart were worth $1,007,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CreativeOne Wealth LLC bought a new stake in shares of Copart during the 1st quarter valued at about $344,000. EP Wealth Advisors LLC grew 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 worth $602,000 after buying an additional 1,614 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Copart by 108.1% in the 1st quarter. Advisors Asset Management Inc. now owns 9,299 shares of the business services provider’s stock worth $539,000 after buying an additional 4,831 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Copart by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 82,105 shares of the business services provider’s stock valued at $4,756,000 after buying an additional 1,741 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 1,500,466 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CPRT. JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird reduced their price target 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 Trading Up 10.2 %

CPRT opened at $62.70 on Friday. The company has a market cap of $60.40 billion, a P/E ratio of 44.15 and a beta of 1.27. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $62.90. The business’s 50-day moving average price is $53.79 and its 200-day moving average price is $53.21.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 31.92% and a return on equity of 19.45%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Copart, Inc. will post 1.55 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.