Copart, Inc. (NASDAQ:CPRT) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 252,058 shares of the business services provider’s stock after purchasing an additional 50,563 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Copart were worth $13,122,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Optimum Investment Advisors boosted its position in Copart by 141.5% during the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Eastern Bank acquired a new position in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC boosted its position in shares of Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Copart by 283.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Copart Trading Up 0.6 %

Shares of CPRT stock opened at $51.71 on Monday. The company has a market capitalization of $49.76 billion, a price-to-earnings ratio of 36.42 and a beta of 1.27. The firm has a 50-day moving average price of $52.30 and a 200 day moving average price of $53.10. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings data 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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

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.