Metis Global Partners LLC Buys 1,757 Shares of Copart, Inc. (NASDAQ:CPRT)

Metis Global Partners LLC increased its stake in Copart, Inc. (NASDAQ:CPRT) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,140 shares of the business services provider’s stock after acquiring an additional 1,757 shares during the quarter. Metis Global Partners LLC’s holdings in Copart were worth $2,051,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Optimum Investment Advisors grew its position in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Eastern Bank acquired a new stake in Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC grew its position in Copart by 98.6% in the 2nd 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 period. Meeder Asset Management Inc. boosted its holdings in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after acquiring an additional 492 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Ratings Changes

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

Copart Stock Performance

Shares of NASDAQ CPRT opened at $56.67 on Friday. The stock has a market cap of $54.59 billion, a PE ratio of 40.77 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $58.58. The stock has a fifty day moving average of $52.99 and a 200-day moving average of $53.11.

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). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts predict that Copart, Inc. will post 1.54 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.