First Heartland Consultants Inc. Acquires 378 Shares of Copart, Inc. (NASDAQ:CPRT)

First Heartland Consultants Inc. increased its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,250 shares of the business services provider’s stock after acquiring an additional 378 shares during the period. First Heartland Consultants Inc.’s holdings in Copart were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRT. Cadence Bank boosted its position in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after purchasing an additional 187 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Copart by 0.3% in the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after purchasing an additional 200 shares during the period. Spinnaker Trust lifted its position in shares of Copart by 4.0% during the 2nd quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after buying an additional 200 shares during the last quarter. Values First Advisors Inc. boosted its position in Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock worth $384,000 after purchasing an additional 201 shares during the period. Finally, Duncan Williams Asset Management LLC boosted its holdings in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after buying an additional 203 shares during the period. 85.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Copart Price Performance

Shares of NASDAQ CPRT opened at $57.93 on Thursday. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $58.58. The firm has a 50-day moving average of $52.69 and a 200 day moving average of $53.08. The stock has a market cap of $55.81 billion, a P/E ratio of 41.68 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results 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 return on equity of 19.55% and a net margin of 32.17%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts expect that Copart, Inc. will post 1.54 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.