13,307 Shares in Copart, Inc. (NASDAQ:CPRT) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in shares of Copart, Inc. (NASDAQ:CPRT) in the third quarter, HoldingsChannel.com reports. The firm bought 13,307 shares of the business services provider’s stock, valued at approximately $697,000.

Several other large investors also recently modified their holdings of the company. Optimum Investment Advisors boosted its position in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new position in shares of Copart in the 3rd quarter worth approximately $29,000. Crewe Advisors LLC boosted its holdings in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. grew its position in Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after buying an additional 492 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CPRT shares. Robert W. Baird dropped their price target on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Copart Stock Down 0.5 %

Shares of Copart stock opened at $63.51 on Thursday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.38. The stock’s 50-day simple moving average is $54.33 and its 200-day simple moving average is $53.30. The company has a market capitalization of $61.18 billion, a price-to-earnings ratio of 44.73 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly 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 return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts expect that Copart, Inc. will post 1.57 earnings per share for the current year.

Copart 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.