Vanguard Personalized Indexing Management LLC increased its position in Copart, Inc. (NASDAQ:CPRT – Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,525 shares of the business services provider’s stock after purchasing an additional 8,002 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Copart were worth $5,865,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPRT. Aberdeen Group plc boosted its holdings in Copart by 2.9% during the second quarter. Aberdeen Group plc now owns 511,873 shares of the business services provider’s stock worth $25,118,000 after buying an additional 14,413 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in Copart by 4.5% during the second quarter. Blue Zone Wealth Advisors LLC now owns 123,154 shares of the business services provider’s stock worth $6,043,000 after buying an additional 5,310 shares during the last quarter. Blue Trust Inc. boosted its holdings in Copart by 15.4% during the second quarter. Blue Trust Inc. now owns 1,742 shares of the business services provider’s stock worth $85,000 after buying an additional 232 shares during the last quarter. Baskin Financial Services Inc. boosted its holdings in Copart by 1.3% during the second quarter. Baskin Financial Services Inc. now owns 765,938 shares of the business services provider’s stock worth $37,584,000 after buying an additional 9,575 shares during the last quarter. Finally, Callan Family Office LLC boosted its holdings in Copart by 281.5% during the second quarter. Callan Family Office LLC now owns 23,978 shares of the business services provider’s stock worth $1,177,000 after buying an additional 17,692 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Copart
In related news, Director Thomas N. Tryforos sold 228,840 shares of Copart stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $47.54, for a total value of $10,879,053.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.68% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Copart
Copart Stock Performance
Shares of Copart stock opened at $44.07 on Tuesday. The business’s 50 day simple moving average is $46.77 and its 200 day simple moving average is $51.15. Copart, Inc. has a 52-week low of $43.71 and a 52-week high of $64.38. The firm has a market cap of $42.65 billion, a PE ratio of 27.54 and a beta of 1.03.
Copart (NASDAQ:CPRT – Get Free Report) last announced its earnings results on Thursday, September 4th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Copart had a return on equity of 18.17% and a net margin of 33.41%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.33 EPS. Copart’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Copart, Inc. will post 1.57 EPS for the current 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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.
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