V Square Quantitative Management LLC Boosts Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

V Square Quantitative Management LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 72.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,880 shares of the business services provider’s stock after buying an additional 5,837 shares during the quarter. V Square Quantitative Management LLC’s holdings in Copart were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after acquiring an additional 636,438 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Copart by 40.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 10,959 shares in the last quarter. Motco raised its position in shares of Copart by 6,085.7% in 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 shares of Copart during the 1st quarter valued at approximately $3,877,000. Finally, Manning & Napier Advisors LLC bought a new position in Copart in the 2nd quarter worth approximately $109,382,000. 85.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Copart Stock Up 0.4 %

CPRT stock opened at $53.88 on Friday. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The firm has a market capitalization of $51.85 billion, a PE ratio of 37.94 and a beta of 1.27. The stock has a 50-day simple moving average of $52.22 and a two-hundred day simple moving average of $53.31.

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