Crossmark Global Holdings Inc. Has $2.63 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

Crossmark Global Holdings Inc. cut its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,138 shares of the business services provider’s stock after selling 884 shares during the period. Crossmark Global Holdings Inc.’s holdings in Copart were worth $2,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in 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 worth $192,240,000 after buying an additional 3,016,795 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Copart during the second quarter worth about $109,382,000. Price T Rowe Associates Inc. MD grew its stake in Copart by 28.0% during 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 buying an additional 1,500,466 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Copart during the second quarter worth about $70,307,000. Finally, Bank of New York Mellon Corp grew its stake in Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock worth $867,017,000 after buying an additional 1,199,781 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Copart Trading Up 0.8 %

CPRT stock opened at $57.18 on Wednesday. The stock has a market capitalization of $55.09 billion, a P/E ratio of 41.14 and a beta of 1.27. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58. The firm has a 50-day moving average price of $52.59 and a 200-day moving average price of $53.04.

Copart (NASDAQ:CPRT) last posted its 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 company had revenue of $1.07 billion during 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 firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. As a group, equities analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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.