Harvest Fund Management Co. Ltd Acquires 4,926 Shares of Copart, Inc. (NASDAQ:CPRT)

Harvest Fund Management Co. Ltd increased its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 12.5% during the third quarter, HoldingsChannel reports. The firm owned 44,339 shares of the business services provider’s stock after buying an additional 4,926 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Copart were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Copart by 108.1% during the first quarter. Advisors Asset Management Inc. now owns 9,299 shares of the business services provider’s stock valued at $539,000 after purchasing an additional 4,831 shares during the last quarter. Captrust Financial Advisors raised its stake in Copart by 12.2% during the 1st quarter. Captrust Financial Advisors now owns 936,682 shares of the business services provider’s stock valued at $54,253,000 after buying an additional 102,215 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Copart by 40.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the last quarter. Vancity Investment Management Ltd grew its holdings in shares of Copart by 25.4% in the first quarter. Vancity Investment Management Ltd now owns 699,781 shares of the business services provider’s stock worth $40,531,000 after acquiring an additional 141,671 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in Copart by 17.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 26,291 shares of the business services provider’s stock valued at $1,523,000 after acquiring an additional 3,843 shares during the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

NASDAQ:CPRT opened at $62.70 on Monday. The company has a market cap of $60.40 billion, a price-to-earnings ratio of 44.15 and a beta of 1.27. Copart, Inc. has a 1 year low of $46.21 and a 1 year high of $62.90. The stock’s 50 day simple moving average is $53.79 and its two-hundred day simple moving average is $53.18.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data 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). Copart had a return on equity of 18.96% and a net margin of 31.92%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Copart, Inc. will post 1.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th.

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.