Copart, Inc. (NASDAQ:CPRT) is Ycg LLC’s 6th Largest Position

Ycg LLC lifted its position in Copart, Inc. (NASDAQ:CPRT) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,180,339 shares of the business services provider’s stock after buying an additional 7,125 shares during the period. Copart accounts for 4.8% of Ycg LLC’s portfolio, making the stock its 6th biggest position. Ycg LLC’s holdings in Copart were worth $61,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its position in shares of Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank acquired a new stake in shares of Copart in the third quarter valued at $29,000. Crewe Advisors LLC raised its position in Copart by 98.6% during the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after buying an additional 280 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock worth $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Copart by 477.7% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after buying an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

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 Trading Up 0.6 %

Shares of NASDAQ:CPRT traded up $0.35 on Friday, hitting $56.12. 3,186,506 shares of the company were exchanged, compared to its average volume of 3,849,101. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $58.58. The firm has a market capitalization of $54.06 billion, a P/E ratio of 40.37 and a beta of 1.27. The stock’s 50 day moving average price is $52.44 and its 200 day moving average price is $53.04.

Copart (NASDAQ:CPRT) last released its quarterly 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 during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities 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.