Wisconsin Capital Management LLC Sells 5,962 Shares of Copart, Inc. (NASDAQ:CPRT)

Wisconsin Capital Management LLC cut its stake in Copart, Inc. (NASDAQ:CPRT) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,566 shares of the business services provider’s stock after selling 5,962 shares during the period. Copart makes up 2.4% of Wisconsin Capital Management LLC’s holdings, making the stock its 18th largest position. Wisconsin Capital Management LLC’s holdings in Copart were worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Bank of New York Mellon Corp lifted its stake in Copart by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 16,008,444 shares of the business services provider’s stock valued at $867,017,000 after acquiring an additional 1,199,781 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Copart by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,898,956 shares of the business services provider’s stock valued at $427,807,000 after acquiring an additional 30,454 shares in the last quarter. Legal & General Group Plc raised its stake in Copart by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock worth $376,035,000 after purchasing an additional 598,566 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Copart by 28.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock worth $397,406,000 after purchasing an additional 1,500,466 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Copart by 9.9% in the first quarter. William Blair Investment Management LLC now owns 5,498,210 shares of the business services provider’s stock valued at $318,456,000 after buying an additional 496,643 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price objective on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Copart Stock Up 0.8 %

NASDAQ:CPRT opened at $52.89 on Wednesday. The firm has a market capitalization of $50.95 billion, a PE ratio of 38.05 and a beta of 1.27. Copart, Inc. has a twelve month low of $45.50 and a twelve month high of $58.58. 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 results 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). The firm 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 was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, 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.