Copart, Inc. (NASDAQ:CPRT) Shares Bought by Whittier Trust Co.

Whittier Trust Co. increased its stake in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 476,816 shares of the business services provider's stock after purchasing an additional 18,697 shares during the quarter. Whittier Trust Co.'s holdings in Copart were worth $24,985,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its holdings in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider's stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider's stock valued at $31,000 after buying an additional 234 shares in the last quarter. Crewe Advisors LLC raised its stake in Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after buying an additional 280 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider's stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider's stock worth $32,000 after acquiring an additional 492 shares during the last quarter. Institutional investors own 85.78% of the company's stock.

Analyst Ratings Changes

Separately, Robert W. Baird cut 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 Stock Performance

Shares of NASDAQ CPRT traded down $1.32 during mid-day trading on Monday, hitting $52.56. The stock had a trading volume of 4,097,485 shares, compared to its average volume of 4,502,436. The firm has a market cap of $50.58 billion, a PE ratio of 37.00 and a beta of 1.27. The company has a 50 day moving average of $52.22 and a two-hundred day moving average of $53.26. 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 announced its quarterly earnings data 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%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict 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.