Gulf International Bank UK Ltd Decreases Position in Copart, Inc. (NASDAQ:CPRT)

Gulf International Bank UK Ltd trimmed its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,958 shares of the business services provider’s stock after selling 3,306 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Copart were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in shares of Copart by 1.8% in the 1st quarter. Private Advisor Group LLC now owns 24,417 shares of the business services provider’s stock valued at $1,414,000 after purchasing an additional 424 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Copart by 365.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,071 shares of the business services provider’s stock worth $3,132,000 after buying an additional 42,455 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of Copart by 3.8% during the first quarter. Rehmann Capital Advisory Group now owns 7,126 shares of the business services provider’s stock valued at $413,000 after buying an additional 258 shares during the last quarter. Signaturefd LLC increased its position in shares of Copart by 4.0% in the 1st quarter. Signaturefd LLC now owns 16,831 shares of the business services provider’s stock valued at $975,000 after acquiring an additional 645 shares during the period. Finally, Blue Square Asset Management LLC purchased a new position in Copart in the 1st quarter worth $212,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Stock Performance

NASDAQ:CPRT opened at $52.89 on Wednesday. The firm’s fifty day moving average is $52.26 and its two-hundred day moving average is $52.99. The firm has a market cap of $50.95 billion, a price-to-earnings ratio of 38.05 and a beta of 1.27. Copart, Inc. has a one year low of $45.50 and a one year high of $58.58.

Copart (NASDAQ:CPRT) last issued its earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. As a group, equities research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.