45,000 Shares in Copart, Inc. (NASDAQ:CPRT) Acquired by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. bought a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,000 shares of the business services provider's stock, valued at approximately $2,358,000.

Several other large investors have also modified their holdings of CPRT. Optimum Investment Advisors lifted its holdings in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock worth $27,000 after buying an additional 300 shares during the last quarter. Eastern Bank acquired a new position in Copart in the third quarter worth $29,000. Crewe Advisors LLC increased its stake in 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. Meeder Asset Management Inc. raised its holdings in shares of Copart by 283.3% during the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after purchasing an additional 425 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock worth $32,000 after buying an additional 492 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Copart Stock Performance

Shares of CPRT traded down $1.10 during mid-day trading on Wednesday, reaching $55.42. 8,154,935 shares of the company's stock traded hands, compared to its average volume of 4,408,926. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58. The stock has a market capitalization of $53.39 billion, a P/E ratio of 39.87 and a beta of 1.27. The business's 50-day moving average price is $53.39 and its 200-day moving average price is $53.14.

Copart (NASDAQ:CPRT - Get Free Report) last issued 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). The business had revenue of $1.07 billion for 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 period last year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPRT. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. raised their price target on Copart from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday.

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.