Greenbrier Partners Capital Management LLC Buys Shares of 199,738 Copart, Inc. (NASDAQ:CPRT)

Greenbrier Partners Capital Management LLC purchased a new position in shares of Copart, Inc. (NASDAQ:CPRT) during the third quarter, Holdings Channel.com reports. The fund purchased 199,738 shares of the business services provider’s stock, valued at approximately $11,335,000. Copart accounts for 0.9% of Greenbrier Partners Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Public Sector Pension Investment Board increased its stake in Copart by 12.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 39,340 shares of the business services provider’s stock worth $2,061,000 after buying an additional 4,500 shares during the period. Financial Counselors Inc. increased its position in shares of Copart by 4.1% during the third quarter. Financial Counselors Inc. now owns 146,570 shares of the business services provider’s stock worth $7,680,000 after acquiring an additional 5,769 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Copart by 13.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 188,277 shares of the business services provider’s stock valued at $9,866,000 after acquiring an additional 22,592 shares in the last quarter. FORA Capital LLC purchased a new position in Copart in the third quarter valued at $1,352,000. Finally, CreativeOne Wealth LLC grew its stake in Copart by 106.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,605 shares of the business services provider’s stock worth $503,000 after purchasing an additional 4,951 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CPRT. Robert W. Baird reduced their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their price objective on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th.

Copart Price Performance

Shares of CPRT opened at $63.51 on Friday. Copart, Inc. has a 1-year low of $46.21 and a 1-year high of $64.38. The stock has a market cap of $61.19 billion, a PE ratio of 44.73 and a beta of 1.27. The firm has a fifty day moving average price of $54.58 and a 200 day moving average price of $53.37.

Copart (NASDAQ:CPRT) last posted its earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 analysts’ expectations of $1.07 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities analysts expect that Copart, Inc. will post 1.57 EPS for the current fiscal year.

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.