Copart, Inc. (NASDAQ:CPRT) Shares Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in Copart, Inc. (NASDAQ:CPRT) by 20.1% in the third quarter, Holdings Channel.com reports. The fund owned 570,155 shares of the business services provider’s stock after acquiring an additional 95,509 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Copart were worth $29,876,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Optimum Investment Advisors grew its holdings in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Eastern Bank purchased a new position in Copart in the 3rd quarter worth about $29,000. Crewe Advisors LLC increased its stake in Copart by 98.6% in the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after buying an additional 425 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares during the period. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 1.3 %

Shares of NASDAQ CPRT opened at $57.93 on Thursday. Copart, Inc. has a one year low of $46.21 and a one year high of $58.58. The business has a 50-day moving average price of $52.69 and a two-hundred day moving average price of $53.08. The firm has a market capitalization of $55.81 billion, a PE ratio of 41.68 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted its quarterly 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 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 analyst estimates of $1.07 billion. During the same quarter in the prior year, the business posted $0.34 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research analysts anticipate that Copart, Inc. will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

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

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.