Copart, Inc. (NASDAQ:CPRT) Shares Purchased by Greenleaf Trust

Greenleaf Trust increased its holdings in Copart, Inc. (NASDAQ:CPRT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,889 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Greenleaf Trust’s holdings in Copart were worth $885,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors boosted its position in shares of 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 buying an additional 300 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. Eastern Bank acquired a new stake in shares of Copart in the third quarter valued at $29,000. Crewe Advisors LLC raised its stake in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Copart by 283.3% in the second 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 in the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price target 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 Stock Performance

CPRT opened at $51.38 on Friday. The business’s 50-day simple moving average is $52.29 and its 200-day simple moving average is $53.18. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The stock has a market capitalization of $49.44 billion, a P/E ratio of 36.18 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $0.34 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast 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.