United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 95,509 Shares of Copart, Inc. (NASDAQ:CPRT)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 20.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 570,155 shares of the business services provider's stock after acquiring an additional 95,509 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Copart worth $29,876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Copart by 18.8% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 12,562 shares of the business services provider's stock worth $658,000 after purchasing an additional 1,991 shares in the last quarter. Credit Capital Investments LLC acquired a new stake in shares of Copart during the third quarter worth $262,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Copart by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 170,218 shares of the business services provider's stock worth $8,919,000 after acquiring an additional 946 shares during the period. MQS Management LLC acquired a new stake in shares of Copart during the third quarter worth $304,000. Finally, Haverford Trust Co raised its holdings in shares of Copart by 5.1% during the third quarter. Haverford Trust Co now owns 12,694 shares of the business services provider's stock worth $665,000 after acquiring an additional 613 shares during the period. 85.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird dropped their price objective 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.

Copart Price Performance

CPRT stock traded down $0.59 during midday trading on Thursday, hitting $57.34. The company's stock had a trading volume of 3,226,197 shares, compared to its average volume of 4,399,579. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58. The company's fifty day moving average price is $52.84 and its 200 day moving average price is $53.11. The stock has a market capitalization of $55.24 billion, a P/E ratio of 41.25 and a beta of 1.27.

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

About Copart

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.