Copart, Inc. (NASDAQ:CPRT) Position Lowered by OLD National Bancorp IN

OLD National Bancorp IN cut its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 355,243 shares of the business services provider's stock after selling 135,766 shares during the quarter. OLD National Bancorp IN's holdings in Copart were worth $18,615,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors lifted its stake in Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after buying an additional 300 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Copart by 79.6% in the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider's stock valued at $31,000 after acquiring an additional 234 shares in the last quarter. Crewe Advisors LLC boosted 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 last quarter. Meeder Asset Management Inc. increased its position in Copart by 283.3% during the 2nd 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 raised its stake in Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock valued at $32,000 after purchasing an additional 492 shares during the last quarter. 85.78% of the stock is currently owned by hedge funds and other institutional investors.

Copart Price Performance

CPRT stock traded up $0.19 on Friday, hitting $53.88. 8,538,483 shares of the company were exchanged, compared to its average volume of 4,504,438. The stock has a market capitalization of $51.85 billion, a price-to-earnings ratio of 37.94 and a beta of 1.27. The business's fifty day moving average is $52.22 and its two-hundred day moving average is $53.29. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58.

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

Analyst Ratings Changes

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

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.