Perpetual Ltd Has $11.49 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

Perpetual Ltd increased its stake in Copart, Inc. (NASDAQ:CPRT) by 12.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 203,063 shares of the business services provider’s stock after purchasing an additional 22,311 shares during the period. Perpetual Ltd’s holdings in Copart were worth $11,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PDS Planning Inc increased its stake in Copart by 9.2% in the first quarter. PDS Planning Inc now owns 5,083 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 430 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of Copart by 4.0% during the 1st quarter. Western Wealth Management LLC now owns 4,985 shares of the business services provider’s stock worth $282,000 after buying an additional 192 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Copart by 297.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 178,338 shares of the business services provider’s stock valued at $10,092,000 after buying an additional 133,431 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Copart by 17.9% in the first quarter. Sequoia Financial Advisors LLC now owns 23,821 shares of the business services provider’s stock valued at $1,348,000 after buying an additional 3,625 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Copart by 126.2% in the first quarter. Golden State Wealth Management LLC now owns 2,886 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ CPRT opened at $48.18 on Friday. Copart, Inc. has a 1 year low of $47.33 and a 1 year high of $64.38. The company has a fifty day moving average price of $55.42 and a 200-day moving average price of $56.52. The firm has a market cap of $46.59 billion, a price-to-earnings ratio of 31.70 and a beta of 1.10.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Thursday, May 22nd. The business services provider reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Copart had a return on equity of 18.20% and a net margin of 32.21%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $0.39 earnings per share. Copart’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Copart

In related news, Director Steven D. Cohan sold 94,997 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $60.01, for a total value of $5,700,769.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.68% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CPRT has been the subject of a number of analyst reports. Argus downgraded Copart from a “buy” rating to a “hold” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective on shares of Copart from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd.

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.