Bank of Montreal Can Sells 28,339 Shares of Copart, Inc. (NASDAQ:CPRT)

Bank of Montreal Can lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,394,872 shares of the business services provider's stock after selling 28,339 shares during the period. Bank of Montreal Can owned 0.14% of Copart worth $72,617,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Jensen Investment Management Inc. lifted its position in shares of Copart by 2,466.0% in the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider's stock worth $185,299,000 after purchasing an additional 3,398,423 shares during the period. Assenagon Asset Management S.A. boosted its stake in Copart by 462.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider's stock worth $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Copart in the second quarter worth $109,382,000. Comgest Global Investors S.A.S. increased its stake in Copart by 706.6% in the third quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider's stock valued at $83,153,000 after purchasing an additional 1,390,146 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Copart during the second quarter valued at about $70,307,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPRT has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Copart from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Robert W. Baird cut 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 Stock Up 0.2 %

CPRT traded up $0.14 during trading on Wednesday, hitting $63.94. 327,065 shares of the company's stock were exchanged, compared to its average volume of 4,456,666. Copart, Inc. has a fifty-two week low of $46.21 and a fifty-two week high of $64.38. The stock has a market cap of $61.60 billion, a P/E ratio of 44.93 and a beta of 1.27. The business's 50 day moving average is $54.07 and its two-hundred day moving average is $53.24.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results 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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 18.96% and a net margin of 31.92%. The company's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. On average, sell-side analysts forecast that Copart, Inc. will post 1.57 earnings per share for the current 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.