CIBC Asset Management Inc Has $15.12 Million Holdings in Copart, Inc. (NASDAQ:CPRT)

CIBC Asset Management Inc lifted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 288,490 shares of the business services provider's stock after acquiring an additional 15,577 shares during the period. CIBC Asset Management Inc's holdings in Copart were worth $15,117,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Optimum Investment Advisors lifted 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 worth $27,000 after purchasing an additional 300 shares during the period. Eastern Bank bought a new position in shares of Copart in the third quarter valued at approximately $29,000. Crewe Advisors LLC increased its stake 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 valued at $31,000 after acquiring an additional 280 shares during the period. Meeder Asset Management Inc. raised its holdings in 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 in the last quarter. Finally, Versant Capital Management Inc lifted 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 worth $32,000 after purchasing an additional 492 shares during the period. Institutional investors and hedge funds own 85.78% of the company's stock.

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 research report on Thursday, September 5th.

Copart Stock Down 1.2 %

Copart stock traded down $0.67 during mid-day trading on Friday, hitting $56.67. The company's stock had a trading volume of 3,041,790 shares, compared to its average volume of 4,393,464. The stock has a market capitalization of $54.59 billion, a P/E ratio of 40.77 and a beta of 1.27. The stock's fifty day moving average price is $52.99 and its two-hundred day moving average price is $53.11. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58.

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