Baltimore Washington Financial Advisors Inc. Has $11.47 Million Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Baltimore Washington Financial Advisors Inc. grew its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,959 shares of the business services provider’s stock after acquiring an additional 5,248 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in Copart were worth $11,473,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CPRT. Jensen Investment Management Inc. grew its position in Copart by 2,466.0% in the third quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after acquiring an additional 3,398,423 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Copart by 462.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Copart in the second quarter worth approximately $109,382,000. Price T Rowe Associates Inc. MD grew its position in Copart by 28.0% in the first 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 in the last quarter. Finally, Comgest Global Investors S.A.S. grew its position in Copart by 706.6% in the third quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock worth $83,153,000 after acquiring an additional 1,390,146 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Copart Trading Up 10.2 %

NASDAQ CPRT opened at $62.70 on Friday. The company has a fifty day simple moving average of $53.79 and a 200 day simple moving average of $53.19. 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 1 year low of $46.21 and a 1 year high of $62.90.

Copart (NASDAQ:CPRT) last posted 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). Copart had a return on equity of 19.45% and a net margin of 31.92%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $0.34 earnings per share. Copart’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Copart, Inc. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

CPRT has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th.

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.