Empowered Funds LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,005 shares of the business services provider’s stock, valued at approximately $1,329,000.

A number of other large investors have also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Copart by 1.2% during the second quarter. Bank of America Corp DE now owns 1,441,175 shares of the business services provider’s stock worth $81,512,000 after purchasing an additional 16,905 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Copart by 62.9% during the second quarter. Schroder Investment Management Group now owns 516,749 shares of the business services provider’s stock worth $28,944,000 after purchasing an additional 199,533 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Copart by 119.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,400 shares of the business services provider’s stock worth $192,000 after purchasing an additional 1,850 shares during the last quarter. FMR LLC lifted its position in shares of Copart by 27.3% during the second quarter. FMR LLC now owns 6,625,549 shares of the business services provider’s stock worth $374,741,000 after purchasing an additional 1,420,739 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Copart by 1.2% during the second quarter. Voya Investment Management LLC now owns 142,673 shares of the business services provider’s stock worth $8,070,000 after purchasing an additional 1,640 shares during the last quarter. 82.61% of the stock is owned by institutional investors.

Several equities analysts have recently commented on CPRT shares. BidaskClub cut shares of Copart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 4th. Zacks Investment Research upgraded shares of Copart from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, July 17th. Northcoast Research reiterated a “neutral” rating on shares of Copart in a research note on Monday, September 17th. Barrington Research reiterated a “hold” rating on shares of Copart in a research note on Tuesday, September 18th. Finally, SunTrust Banks set a $63.00 price objective on shares of Copart and gave the stock a “buy” rating in a research note on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.14.

CPRT opened at $49.28 on Friday. The stock has a market cap of $11.64 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. Copart, Inc. has a fifty-two week low of $35.32 and a fifty-two week high of $67.08. The company has a current ratio of 2.56, a quick ratio of 2.50 and a debt-to-equity ratio of 0.25.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 19th. The business services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.06). The business had revenue of $449.20 million for the quarter, compared to analyst estimates of $448.64 million. Copart had a return on equity of 29.92% and a net margin of 23.14%. Copart’s revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Sell-side analysts predict that Copart, Inc. will post 2.13 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 to vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as for individual owners.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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