BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,795,215 shares of the business services provider's stock after selling 367,360 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.39% of Copart worth $219,819,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other hedge funds have also added to or reduced their stakes in the business. Entropy Technologies LP bought a new position in Copart in the first quarter valued at $2,275,000. Baltimore Washington Financial Advisors Inc. grew its position in Copart by 1.2% in the first quarter. Baltimore Washington Financial Advisors Inc. now owns 203,477 shares of the business services provider's stock valued at $11,785,000 after purchasing an additional 2,452 shares in the last quarter. William Blair Investment Management LLC grew its position in 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 purchasing an additional 496,643 shares in the last quarter. Motley Fool Asset Management LLC grew its position in Copart by 12.9% in the first quarter. Motley Fool Asset Management LLC now owns 31,862 shares of the business services provider's stock valued at $1,845,000 after purchasing an additional 3,638 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in Copart by 2.6% in the first quarter. Bleakley Financial Group LLC now owns 17,325 shares of the business services provider's stock valued at $1,003,000 after purchasing an additional 436 shares in the last quarter. Institutional investors own 85.78% of the company's stock.
Copart Trading Down 1.9 %
Shares of CPRT traded down $1.01 during midday trading on Wednesday, reaching $52.99. The stock had a trading volume of 6,819,914 shares, compared to its average volume of 4,480,832. The firm has a 50 day simple moving average of $54.09 and a 200-day simple moving average of $53.10. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The firm has a market cap of $50.99 billion, a PE ratio of 37.32 and a beta of 1.27.
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Copart (NASDAQ:CPRT - Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.36 EPS. The company's quarterly revenue was up 10.3% on a year-over-year basis. As a group, research analysts forecast that Copart, Inc. will post 1.43 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised their target price on shares of Copart from $48.00 to $52.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $51.00.
- Copart Auctions, A Little Outlet For America's Car Problems
Get Our Latest Research Report on CPRT
About Copart
(Free Report)
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.
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Want to see what other hedge funds are holding CPRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Copart, Inc. (NASDAQ:CPRT - Free Report).
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