Credit Capital Investments LLC Acquires Shares of 5,000 Copart, Inc. (NASDAQ:CPRT)

Credit Capital Investments LLC acquired a new stake in Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,000 shares of the business services provider’s stock, valued at approximately $262,000. Copart makes up about 0.3% of Credit Capital Investments LLC’s holdings, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cadence Bank lifted its position in shares of Copart by 0.6% during the 1st quarter. Cadence Bank now owns 31,371 shares of the business services provider’s stock valued at $1,817,000 after acquiring an additional 187 shares during the period. WASHINGTON TRUST Co lifted its position in shares of Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after buying an additional 200 shares during the last quarter. Spinnaker Trust raised its position in Copart by 4.0% in 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. raised its position 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 during the last quarter. Finally, Duncan Williams Asset Management LLC raised its position in Copart by 1.3% in the third quarter. Duncan Williams Asset Management LLC now owns 15,437 shares of the business services provider’s stock valued at $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.

Copart Stock Up 0.3 %

NASDAQ:CPRT traded up $0.20 on Wednesday, hitting $57.38. The stock had a trading volume of 275,461 shares, compared to its average volume of 4,390,867. The business’s fifty day moving average is $52.59 and its 200 day moving average is $53.04. The company has a market cap of $55.28 billion, a PE ratio of 41.37 and a beta of 1.27. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $58.58.

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). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Equities analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased 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 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.