Steward Partners Investment Advisory LLC Sells 149 Shares of Copart, Inc. (NASDAQ:CPRT)

Steward Partners Investment Advisory LLC lowered its stake in Copart, Inc. (NASDAQ:CPRT) by 11.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,208 shares of the business services provider’s stock after selling 149 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Copart were worth $97,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Stephens Inc. AR boosted its stake in Copart by 1.2% in the 3rd quarter. Stephens Inc. AR now owns 14,369 shares of the business services provider’s stock worth $1,154,000 after purchasing an additional 165 shares during the period. World Asset Management Inc boosted its stake in Copart by 1.4% in the 2nd quarter. World Asset Management Inc now owns 13,060 shares of the business services provider’s stock worth $976,000 after purchasing an additional 178 shares during the period. CWM LLC boosted its stake in Copart by 11.1% in the 3rd quarter. CWM LLC now owns 1,785 shares of the business services provider’s stock worth $143,000 after purchasing an additional 178 shares during the period. ETF Managers Group LLC boosted its stake in Copart by 6.5% in the 2nd quarter. ETF Managers Group LLC now owns 2,992 shares of the business services provider’s stock worth $219,000 after purchasing an additional 182 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in Copart by 0.4% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 44,259 shares of the business services provider’s stock worth $3,555,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Shares of CPRT opened at $81.46 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. Copart, Inc. has a 12-month low of $44.61 and a 12-month high of $85.31. The company has a market cap of $19.11 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. The stock has a 50-day moving average price of $81.80 and a 200-day moving average price of $75.82.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Copart had a return on equity of 32.83% and a net margin of 28.98%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 20.8% compared to the same quarter last year. As a group, analysts predict that Copart, Inc. will post 2.67 earnings per share for the current year.

Several research analysts have commented on CPRT shares. ValuEngine downgraded Copart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Guggenheim upgraded Copart from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, October 18th. Barrington Research reiterated a “hold” rating on shares of Copart in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Finally, Robert W. Baird set a $85.00 price target on Copart and gave the company a “buy” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.40.

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.

Further Reading: Fundamental Analysis

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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