Montag A & Associates Inc. trimmed its position in shares of Copart, Inc. (NASDAQ:CPRT) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 76,795 shares of the business services provider’s stock after selling 1,300 shares during the quarter. Montag A & Associates Inc.’s holdings in Copart were worth $6,169,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new stake in shares of Copart during the third quarter valued at about $25,000. Financial Advantage Inc. purchased a new stake in shares of Copart during the third quarter valued at about $28,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Copart during the second quarter valued at about $29,000. Griffin Asset Management Inc. purchased a new stake in shares of Copart during the second quarter valued at about $34,000. Finally, Cordasco Financial Network lifted its position in shares of Copart by 170.7% during the second quarter. Cordasco Financial Network now owns 471 shares of the business services provider’s stock valued at $35,000 after buying an additional 297 shares during the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on CPRT. ValuEngine lowered shares of Copart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their price objective on shares of Copart from $62.00 to $71.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Barrington Research reaffirmed a “hold” rating on shares of Copart in a research report on Wednesday, September 11th. Robert W. Baird set a $85.00 price objective on shares of Copart and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Guggenheim upgraded shares of Copart from a “neutral” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.40.

Shares of NASDAQ CPRT traded down $0.16 during midday trading on Friday, reaching $81.46. 1,541,200 shares of the stock were exchanged, compared to its average volume of 1,340,618. The firm has a market cap of $19.11 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.54 and a beta of 0.81. Copart, Inc. has a twelve month low of $44.61 and a twelve month high of $85.31. The firm has a 50-day simple moving average of $81.82 and a two-hundred day simple moving average of $75.74. The company has a quick ratio of 2.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.22.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $517.84 million. Copart had a net margin of 28.98% and a return on equity of 32.83%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Research analysts expect that Copart, Inc. will post 2.67 EPS for the current fiscal year.

About Copart

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.

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Institutional Ownership by Quarter for Copart (NASDAQ:CPRT)

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