Aptus Capital Advisors LLC Grows Stock Position in Copart, Inc. (NASDAQ:CPRT)

Aptus Capital Advisors LLC grew its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 212,609 shares of the business services provider's stock after acquiring an additional 19,127 shares during the quarter. Aptus Capital Advisors LLC's holdings in Copart were worth $11,141,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Optimum Investment Advisors lifted its position in shares of 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 bought a new stake in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the 2nd 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. lifted its position in shares of 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 buying an additional 425 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock valued at $32,000 after purchasing an additional 492 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Stock Up 0.8 %

NASDAQ:CPRT traded up $0.43 on Tuesday, hitting $57.18. The stock had a trading volume of 3,132,135 shares, compared to its average volume of 4,409,644. The business's fifty day moving average is $52.52 and its 200 day moving average is $53.03. The company has a market cap of $55.09 billion, a PE ratio of 40.83 and a beta of 1.27. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $58.58.

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

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their target price on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a research 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.