Harvest Portfolios Group Inc. Buys 4,397 Shares of Copart, Inc. (NASDAQ:CPRT)

Harvest Portfolios Group Inc. increased its position in Copart, Inc. (NASDAQ:CPRT) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,638 shares of the business services provider’s stock after purchasing an additional 4,397 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Copart were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after buying an additional 3,016,795 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Copart during the 2nd quarter worth approximately $109,382,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 purchasing an additional 1,500,466 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Copart by 43.3% in the first quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock valued at $281,616,000 after purchasing an additional 1,469,292 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Copart during the second quarter valued at approximately $70,307,000. 85.78% of the stock is owned by institutional investors.

Copart Stock Up 4.8 %

Copart stock opened at $55.44 on Thursday. Copart, Inc. has a 52 week low of $45.74 and a 52 week high of $58.58. The company’s 50 day moving average price is $52.26 and its two-hundred day moving average price is $52.99. The stock has a market cap of $53.41 billion, a P/E ratio of 39.88 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.