Apollon Wealth Management LLC Increases Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Apollon Wealth Management LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 5.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,959 shares of the business services provider’s stock after acquiring an additional 1,934 shares during the period. Apollon Wealth Management LLC’s holdings in Copart were worth $2,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Copart during the 4th quarter valued at $3,285,000. SVB Wealth LLC grew its stake in shares of Copart by 11.5% during the fourth quarter. SVB Wealth LLC now owns 12,167 shares of the business services provider’s stock valued at $596,000 after acquiring an additional 1,255 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Copart by 1.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 148,395 shares of the business services provider’s stock worth $7,271,000 after acquiring an additional 2,375 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Copart by 3.3% in the fourth quarter. Greenleaf Trust now owns 16,162 shares of the business services provider’s stock worth $792,000 after acquiring an additional 519 shares in the last quarter. Finally, abrdn plc boosted its holdings in Copart by 62.1% in the fourth quarter. abrdn plc now owns 417,306 shares of the business services provider’s stock valued at $20,448,000 after purchasing an additional 159,844 shares during the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Trading Up 0.5 %

CPRT stock traded up $0.28 during midday trading on Monday, hitting $51.59. 3,399,068 shares of the company’s stock were exchanged, compared to its average volume of 4,470,672. The firm has a 50 day moving average price of $52.89 and a 200-day moving average price of $53.62. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The stock has a market capitalization of $49.64 billion, a price-to-earnings ratio of 36.11 and a beta of 1.28.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, sell-side analysts forecast that Copart, Inc. will post 1.43 EPS for the current fiscal year.

Copart Company 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.