HWG Holdings LP Has $4.60 Million Stock Position in Copart, Inc. (NASDAQ:CPRT)

HWG Holdings LP raised its position in Copart, Inc. (NASDAQ:CPRT) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,742 shares of the business services provider’s stock after buying an additional 17,298 shares during the period. Copart accounts for about 1.6% of HWG Holdings LP’s investment portfolio, making the stock its 20th biggest position. HWG Holdings LP’s holdings in Copart were worth $4,598,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors raised its holdings in shares of Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank bought a new position in shares of Copart in the third quarter worth about $29,000. Pinnacle Bancorp Inc. lifted its position in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after purchasing an additional 234 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 280 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings 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 purchasing an additional 425 shares in the last quarter. 85.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th.

Copart Trading Up 0.4 %

Shares of NASDAQ CPRT opened at $51.57 on Friday. The firm has a market capitalization of $49.63 billion, a PE ratio of 36.18 and a beta of 1.27. The firm’s 50-day moving average is $52.29 and its 200-day moving average is $53.18. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58.

Copart (NASDAQ:CPRT) last released 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. Copart’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. As a group, equities research analysts anticipate that Copart, Inc. will post 1.54 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 on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.