Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC boosted its holdings in Copart, Inc. (NASDAQ:CPRT) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,298 shares of the business services provider’s stock after acquiring an additional 627 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Copart were worth $330,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cromwell Holdings LLC raised its stake in shares of Copart by 28.3% during the third quarter. Cromwell Holdings LLC now owns 2,459 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 543 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Copart by 3.7% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,226 shares of the business services provider’s stock worth $379,000 after buying an additional 261 shares in the last quarter. Mediolanum International Funds Ltd raised its position in shares of Copart by 15.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 242,396 shares of the business services provider’s stock worth $12,598,000 after buying an additional 33,159 shares in the last quarter. HWG Holdings LP lifted its stake in shares of Copart by 24.6% in the 3rd quarter. HWG Holdings LP now owns 87,742 shares of the business services provider’s stock worth $4,598,000 after acquiring an additional 17,298 shares during the period. Finally, Freedom Day Solutions LLC boosted its holdings in shares of Copart by 0.7% in the third quarter. Freedom Day Solutions LLC now owns 56,558 shares of the business services provider’s stock valued at $2,964,000 after acquiring an additional 385 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird cut their target price on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th.

Copart Trading Up 0.6 %

NASDAQ:CPRT opened at $51.71 on Friday. The company has a 50-day moving average of $52.30 and a 200-day moving average of $53.12. 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 twelve month low of $42.41 and a twelve month high of $58.58.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a return on equity of 19.55% and a net margin of 32.17%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current year.

Copart 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.