Copart, Inc. (NASDAQ:CPRT) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 15,096.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 87,380 shares of the business services provider’s stock after purchasing an additional 86,805 shares during the period. Meeder Asset Management Inc.’s holdings in Copart were worth $4,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Optimum Investment Advisors grew its holdings in Copart by 141.5% during the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock worth $27,000 after acquiring an additional 300 shares in the last quarter. Eastern Bank purchased a new stake in shares of Copart during the 3rd quarter worth $29,000. Crewe Advisors LLC lifted its position in shares of Copart by 98.6% during the 2nd quarter. Crewe Advisors LLC now owns 564 shares of the business services provider’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock worth $32,000 after purchasing an additional 492 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Copart in the third quarter valued at $33,000. 85.78% of the stock is owned by institutional investors and hedge funds.

Copart Trading Down 0.1 %

CPRT stock opened at $56.63 on Tuesday. The stock has a market cap of $54.56 billion, a P/E ratio of 40.74 and a beta of 1.27. Copart, Inc. has a twelve month low of $46.21 and a twelve month high of $58.58. The company’s 50 day moving average is $53.13 and its two-hundred day moving average is $53.11.

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). 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 analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. Copart’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

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 report on Thursday, September 5th.

Copart Company 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.