Gilbert & Cook Inc. Reduces Position in Copart, Inc. (NASDAQ:CPRT)

Gilbert & Cook Inc. lessened its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,666 shares of the business services provider’s stock after selling 221 shares during the quarter. Gilbert & Cook Inc.’s holdings in Copart were worth $1,240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cadence Bank increased its holdings in shares of Copart by 0.6% during the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after acquiring an additional 187 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Copart by 0.3% during the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock valued at $3,350,000 after acquiring an additional 200 shares in the last quarter. Spinnaker Trust increased its holdings in shares of Copart by 4.0% during the second quarter. Spinnaker Trust now owns 5,222 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 200 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of Copart by 2.9% during the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its holdings in Copart by 1.3% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock worth $809,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Stock Performance

NASDAQ CPRT opened at $56.67 on Friday. Copart, Inc. has a one year low of $46.21 and a one year high of $58.58. The stock has a 50-day moving average of $52.99 and a 200 day moving average of $53.10. The company has a market capitalization of $54.59 billion, a price-to-earnings ratio of 40.77 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings data 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). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. Copart’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal 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.