Gilbert & Cook Inc. Reduces Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Gilbert & Cook Inc. trimmed its position in Copart, Inc. (NASDAQ:CPRT) by 0.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 23,666 shares of the business services provider’s stock after selling 221 shares during the period. Gilbert & Cook Inc.’s holdings in Copart were worth $1,240,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in shares of Copart by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock valued at $2,037,130,000 after buying an additional 941,858 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Copart by 8.1% during the 2nd 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 buying an additional 1,199,781 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Copart by 0.4% during the 2nd 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 buying an additional 30,454 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Copart by 9.4% during the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after buying an additional 598,566 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted 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 valued at $397,406,000 after buying an additional 1,500,466 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Copart Trading Down 1.2 %

NASDAQ CPRT opened at $56.67 on Friday. The stock’s 50 day moving average is $52.99 and its 200 day moving average is $53.10. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58. The stock has a market cap of $54.59 billion, a PE ratio of 40.77 and a beta of 1.27.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $0.34 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.