Copart, Inc. (NASDAQ:CPRT) Stake Increased by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC boosted its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 42.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,548 shares of the business services provider's stock after purchasing an additional 20,848 shares during the period. Copart accounts for approximately 1.7% of Sustainable Insight Capital Management LLC's holdings, making the stock its 18th largest holding. Sustainable Insight Capital Management LLC's holdings in Copart were worth $3,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Copart by 259.3% during the 1st quarter. SG Americas Securities LLC now owns 137,992 shares of the business services provider's stock valued at $7,992,000 after acquiring an additional 99,586 shares during the period. Forsta AP Fonden grew its position in shares of Copart by 11.7% in the first quarter. Forsta AP Fonden now owns 180,400 shares of the business services provider's stock valued at $10,449,000 after purchasing an additional 18,900 shares in the last quarter. TCI Wealth Advisors Inc. purchased a new position in Copart during the first quarter worth about $206,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Copart by 7.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,211 shares of the business services provider's stock worth $360,000 after acquiring an additional 407 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in shares of Copart by 6.6% in the first quarter. Meeder Advisory Services Inc. now owns 10,520 shares of the business services provider's stock worth $609,000 after purchasing an additional 655 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an "outperform" rating on the stock in a research note on Thursday, September 5th.

Copart Price Performance

Shares of CPRT stock traded up $0.35 during trading on Friday, hitting $56.12. 3,186,506 shares of the stock traded hands, compared to its average volume of 3,849,101. Copart, Inc. has a 52-week low of $46.21 and a 52-week high of $58.58. The firm's fifty day moving average price is $52.44 and its 200-day moving average price is $53.04. The firm has a market capitalization of $54.06 billion, a P/E ratio of 40.37 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 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 period in the prior year, the business earned $0.34 earnings per share. Copart's revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Copart, Inc. will post 1.54 earnings per share for the current year.

Copart Company 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.