Whittier Trust Co. of Nevada Inc. Boosts Stake in Copart, Inc. (NASDAQ:CPRT)

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Copart, Inc. (NASDAQ:CPRT) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 232,978 shares of the business services provider’s stock after acquiring an additional 7,449 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Copart were worth $12,208,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC increased its position in shares of Copart by 1.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 440,500 shares of the business services provider’s stock worth $25,514,000 after purchasing an additional 5,593 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Copart by 272.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 168,730 shares of the business services provider’s stock valued at $9,773,000 after buying an additional 123,414 shares in the last quarter. Chesley Taft & Associates LLC lifted its holdings in Copart by 4.4% during the 1st quarter. Chesley Taft & Associates LLC now owns 16,075 shares of the business services provider’s stock worth $931,000 after buying an additional 680 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Copart by 3.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 25,884 shares of the business services provider’s stock valued at $1,499,000 after acquiring an additional 823 shares during the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Copart during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

Shares of Copart stock traded down $1.23 during trading on Monday, hitting $52.65. 2,672,593 shares of the stock were exchanged, compared to its average volume of 4,495,417. The stock has a market cap of $50.66 billion, a PE ratio of 37.94 and a beta of 1.27. The stock’s fifty day moving average is $52.22 and its 200 day moving average is $53.29. Copart, Inc. has a 12 month low of $42.41 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Sell-side analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird decreased their price objective on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report 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.