Arkadios Wealth Advisors Purchases 14,117 Shares of Copart, Inc. (NASDAQ:CPRT)

Arkadios Wealth Advisors increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT - Free Report) by 35.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,298 shares of the business services provider's stock after buying an additional 14,117 shares during the quarter. Arkadios Wealth Advisors' holdings in Copart were worth $2,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPRT. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Copart by 272.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 168,730 shares of the business services provider's stock worth $9,773,000 after acquiring an additional 123,414 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Copart by 58.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 17,517 shares of the business services provider's stock worth $1,015,000 after buying an additional 6,428 shares during the period. Physician Wealth Advisors Inc. bought a new position in shares of Copart during the first quarter worth about $216,000. Trilogy Capital Inc. acquired a new position in Copart during the 1st quarter worth approximately $432,000. Finally, SteelPeak Wealth LLC bought a new position in shares of Copart during the 1st quarter worth approximately $218,000. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 0.6 %

Shares of CPRT traded up $0.33 during trading hours on Friday, hitting $51.71. The company had a trading volume of 2,311,371 shares, compared to its average volume of 4,467,040. The business has a fifty day moving average of $52.30 and a 200-day moving average of $53.10. The firm has a market cap of $49.76 billion, a price-to-earnings ratio of 36.42 and a beta of 1.27. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT - Get Free Report) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company posted $0.34 EPS. Copart's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect 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.