GHP Investment Advisors Inc. Decreases Holdings in Copart, Inc. (NASDAQ:CPRT)

GHP Investment Advisors Inc. reduced its stake in Copart, Inc. (NASDAQ:CPRT) by 3.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 71,911 shares of the business services provider’s stock after selling 2,917 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Copart were worth $3,768,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Copart by 44.1% during the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock valued at $120,602,000 after acquiring an additional 636,438 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Copart by 40.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock valued at $2,199,000 after purchasing an additional 10,959 shares during the period. Motco grew its holdings in Copart by 6,085.7% during the first quarter. Motco now owns 10,392 shares of the business services provider’s stock valued at $602,000 after purchasing an additional 10,224 shares during the period. Twin Tree Management LP purchased a new stake in Copart in the first quarter worth $3,877,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Copart in the second quarter valued at $109,382,000. Institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.6 %

Copart stock opened at $51.71 on Friday. The firm has a market capitalization of $49.76 billion, a price-to-earnings ratio of 36.42 and a beta of 1.27. The firm has a 50 day simple moving average of $52.30 and a 200 day simple moving average of $53.12. Copart, Inc. has a 1-year low of $42.41 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Copart, Inc. will post 1.54 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird decreased 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.

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.