Copart, Inc. (NASDAQ:CPRT) Shares Sold by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC reduced its holdings in Copart, Inc. (NASDAQ:CPRT) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 3,702 shares of the business services provider’s stock after selling 264 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Copart were worth $194,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors grew its holdings in Copart by 141.5% in the third quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Eastern Bank purchased a new position in shares of Copart in the third quarter valued at approximately $29,000. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% in the second quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% in the second quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% in the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares in the last quarter. 85.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Copart Price Performance

NASDAQ CPRT opened at $52.45 on Tuesday. Copart, Inc. has a 1-year low of $45.50 and a 1-year high of $58.58. The company has a market cap of $50.52 billion, a PE ratio of 37.73 and a beta of 1.27. The stock’s 50 day simple moving average is $52.26 and its 200-day simple moving average is $52.99.

Copart (NASDAQ:CPRT) last announced 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 19.55% and a net margin of 32.17%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

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.