Advisor Resource Council Takes $652,000 Position in Copart, Inc. (NASDAQ:CPRT)

Advisor Resource Council bought a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,435 shares of the business services provider's stock, valued at approximately $652,000.

Several other large investors have also recently bought and sold shares of the business. Cadence Bank grew its holdings in shares of Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider's stock worth $1,817,000 after purchasing an additional 187 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Copart by 0.3% during the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider's stock worth $3,350,000 after purchasing an additional 200 shares during the last quarter. Spinnaker Trust grew its holdings in shares of Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider's stock worth $283,000 after purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. grew its holdings in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider's stock worth $384,000 after purchasing an additional 201 shares during the last quarter. Finally, Duncan Williams Asset Management LLC grew its holdings in shares of Copart by 1.3% during the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider's stock worth $809,000 after purchasing an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company's stock.

Copart Trading Up 0.6 %

Shares of NASDAQ CPRT traded up $0.33 during midday trading on Thursday, reaching $55.77. 3,958,351 shares of the company were exchanged, compared to its average volume of 4,430,417. Copart, Inc. has a 1 year low of $46.20 and a 1 year high of $58.58. The stock has a fifty day simple moving average of $52.31 and a 200 day simple moving average of $53.01. The stock has a market cap of $53.73 billion, a P/E ratio of 40.16 and a beta of 1.27.

Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

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 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.