Whittier Trust Co. Increases Holdings in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 476,816 shares of the business services provider’s stock after acquiring an additional 18,697 shares during the quarter. Whittier Trust Co.’s holdings in Copart were worth $24,985,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in CPRT. Cadence Bank lifted its position in shares of Copart by 0.6% in the first quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock worth $1,817,000 after purchasing an additional 187 shares in the last quarter. WASHINGTON TRUST Co increased its stake in shares of Copart by 0.3% in the second quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares during the last quarter. Spinnaker Trust boosted its position in 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 purchasing an additional 200 shares during the last quarter. Values First Advisors Inc. grew its stake in Copart by 2.9% in the second quarter. Values First Advisors Inc. now owns 7,098 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 201 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its position 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 purchasing an additional 203 shares during the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Copart Trading Down 2.3 %

NASDAQ CPRT traded down $1.23 during trading on Monday, hitting $52.65. 2,672,593 shares of the company traded hands, compared to its average volume of 4,495,417. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58. The business has a fifty day simple moving average of $52.22 and a 200 day simple moving average of $53.29. The company has a market capitalization of $50.66 billion, a P/E ratio of 37.94 and a beta of 1.27.

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 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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.