Amalgamated Bank Has $10.03 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Amalgamated Bank boosted its position in Copart, Inc. (NASDAQ:CPRT) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,428 shares of the business services provider’s stock after purchasing an additional 4,457 shares during the quarter. Amalgamated Bank’s holdings in Copart were worth $10,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRT. Silvercrest Asset Management Group LLC lifted its holdings in shares of Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares in the last quarter. Motco increased its position in Copart by 6,085.7% during the first quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after acquiring an additional 10,224 shares during the period. Twin Tree Management LP acquired a new stake in Copart in the 1st quarter worth about $3,877,000. Manning & Napier Advisors LLC bought a new stake in Copart in the 2nd quarter valued at about $109,382,000. Finally, Edgestream Partners L.P. bought a new position in shares of Copart during the first quarter worth approximately $644,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Up 0.8 %

CPRT stock opened at $52.89 on Wednesday. The company has a market cap of $50.95 billion, a PE ratio of 38.05 and a beta of 1.27. Copart, Inc. has a 52 week low of $45.50 and a 52 week high of $58.58. The business has a 50-day simple moving average of $52.26 and a 200 day simple moving average of $52.99.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. On average, analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

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.