61,620 Shares in Copart, Inc. (NASDAQ:CPRT) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Copart, Inc. (NASDAQ:CPRT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 61,620 shares of the business services provider's stock, valued at approximately $3,229,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Optimum Investment Advisors boosted its holdings in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter valued at $29,000. Crewe Advisors LLC increased its position in shares of Copart by 98.6% during 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 period. Meeder Asset Management Inc. increased its position 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 buying an additional 425 shares during the period. Finally, Versant Capital Management Inc raised its stake in Copart by 477.7% during the second 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 and hedge funds own 85.78% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPRT. Robert W. Baird cut their price target on shares of Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday.

Copart Stock Down 1.9 %

NASDAQ:CPRT opened at $55.42 on Thursday. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58. The company has a fifty day moving average of $53.39 and a 200-day moving average of $53.14. The firm has a market capitalization of $53.39 billion, a P/E ratio of 39.87 and a beta of 1.27.

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