Victory Capital Management Inc. Has $41.64 Million Position in Copart, Inc. (NASDAQ:CPRT)

Victory Capital Management Inc. lessened its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 794,690 shares of the business services provider's stock after selling 82,952 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Copart worth $41,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider's stock valued at $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Copart by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider's stock valued at $867,017,000 after buying an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Copart by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider's stock worth $427,807,000 after buying an additional 30,454 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider's stock worth $376,035,000 after acquiring an additional 598,566 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider's stock valued at $397,406,000 after acquiring an additional 1,500,466 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an "outperform" rating for the company in a report on Thursday, September 5th.

Copart Trading Down 1.2 %

Copart stock traded down $0.67 on Friday, reaching $56.67. 3,041,790 shares of the stock were exchanged, compared to its average volume of 4,393,464. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58. The firm has a fifty day moving average price of $52.99 and a two-hundred day moving average price of $53.10. The stock has a market cap of $54.59 billion, a PE ratio of 40.77 and a beta of 1.27.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. Copart's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. Equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal 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.