Fiera Capital Corp Makes New Investment in Copart, Inc. (NASDAQ:CPRT)

Fiera Capital Corp bought a new position in Copart, Inc. (NASDAQ:CPRT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 423,333 shares of the business services provider's stock, valued at approximately $22,183,000.

Other large investors have also added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC boosted its stake in Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider's stock worth $2,199,000 after purchasing an additional 10,959 shares during the period. Motco boosted its stake in Copart by 6,085.7% in the 1st quarter. Motco now owns 10,392 shares of the business services provider's stock worth $602,000 after purchasing an additional 10,224 shares during the period. Twin Tree Management LP bought a new position in Copart in the 1st quarter worth about $3,877,000. Manning & Napier Advisors LLC purchased a new stake in shares of Copart in the 2nd quarter valued at about $109,382,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Copart in the 1st quarter valued at about $644,000. Institutional investors own 85.78% of the company's stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

Shares of NASDAQ:CPRT traded up $0.35 on Friday, hitting $56.12. The company's stock had a trading volume of 3,186,506 shares, compared to its average volume of 3,849,101. The company has a market capitalization of $54.06 billion, a PE ratio of 40.37 and a beta of 1.27. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $58.58. The company has a 50-day simple moving average of $52.44 and a 200 day simple moving average of $53.04.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. On average, equities research analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal 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.