Copart, Inc. (NASDAQ:CPRT) Shares Purchased by HWG Holdings LP

HWG Holdings LP lifted its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 24.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,742 shares of the business services provider's stock after buying an additional 17,298 shares during the period. Copart makes up approximately 1.6% of HWG Holdings LP's portfolio, making the stock its 20th largest position. HWG Holdings LP's holdings in Copart were worth $4,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Freedom Day Solutions LLC increased its holdings in shares of Copart by 0.7% during the 3rd quarter. Freedom Day Solutions LLC now owns 56,558 shares of the business services provider's stock worth $2,964,000 after buying an additional 385 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in Copart by 12.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 10,228 shares of the business services provider's stock valued at $532,000 after purchasing an additional 1,138 shares during the last quarter. Moody Lynn & Lieberson LLC increased its holdings in Copart by 20.3% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 10,003 shares of the business services provider's stock valued at $524,000 after purchasing an additional 1,689 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in Copart by 13.1% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 43,200 shares of the business services provider's stock valued at $2,264,000 after purchasing an additional 4,988 shares during the last quarter. Finally, Values First Advisors Inc. increased its holdings in Copart by 14.6% in the 3rd quarter. Values First Advisors Inc. now owns 8,131 shares of the business services provider's stock valued at $426,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 85.78% of the company's stock.

Copart Stock Up 0.6 %

CPRT stock traded up $0.33 during midday trading on Friday, hitting $51.71. The company's stock had a trading volume of 2,311,371 shares, compared to its average volume of 4,467,040. Copart, Inc. has a 52-week low of $42.41 and a 52-week high of $58.58. The firm has a 50-day simple moving average of $52.29 and a 200-day simple moving average of $53.18. The firm has a market capitalization of $49.76 billion, a P/E ratio of 36.18 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 analysts' consensus estimates 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 analysts' expectations of $1.07 billion. During the same period in the prior year, the company posted $0.34 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts expect that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird dropped their target price 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.