Free Trial

Mediolanum International Funds Ltd Purchases 33,159 Shares of Copart, Inc. (NASDAQ:CPRT)

Copart logo with Business Services background

Mediolanum International Funds Ltd grew its position in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 242,396 shares of the business services provider's stock after buying an additional 33,159 shares during the quarter. Mediolanum International Funds Ltd's holdings in Copart were worth $12,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CPRT. Optimum Investment Advisors grew its holdings in Copart by 141.5% during the third 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. Eastern Bank acquired a new position in Copart during the 3rd quarter valued at $29,000. Crewe Advisors LLC boosted its holdings in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider's stock valued at $31,000 after purchasing an additional 280 shares during the period. Meeder Asset Management Inc. grew its position in Copart by 283.3% in 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 during the last quarter. Finally, Versant Capital Management Inc raised its position 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 valued at $32,000 after buying an additional 492 shares during the last quarter. 85.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on Copart

Copart Trading Up 0.6 %

NASDAQ:CPRT traded up $0.33 during mid-day 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. The company has a market capitalization of $49.76 billion, a price-to-earnings ratio of 36.42 and a beta of 1.27. Copart, Inc. has a fifty-two week low of $42.41 and a fifty-two week high of $58.58. The stock has a fifty day moving average of $52.30 and a 200-day moving average of $53.12.

Copart (NASDAQ:CPRT - Get Free Report) last announced its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm 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%. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, equities analysts anticipate that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Copart Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

→ Let’s be blunt (From DTI) (Ad)

Should you invest $1,000 in Copart right now?

Before you consider Copart, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Copart wasn't on the list.

While Copart currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Hershey’s Dividend Growth: A Sweet Pick for Investors

Hershey's isn't just a household name; it's a reliable pick for dividend growth, now up 15% this year and a 3-year average annualized 12.2% return.

Related Videos

Inflation-Busting Dividends: 3 Stocks Raising Payouts 4X Faster

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines