E Fund Management Hong Kong Co. Ltd. Purchases 703 Shares of Copart, Inc. (NASDAQ:CPRT)

E Fund Management Hong Kong Co. Ltd. grew its position in Copart, Inc. (NASDAQ:CPRT) by 74.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,644 shares of the business services provider’s stock after purchasing an additional 703 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Copart were worth $86,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CPRT. Optimum Investment Advisors boosted its stake in shares of Copart by 141.5% in the 3rd quarter. Optimum Investment Advisors now owns 512 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 300 shares during the last quarter. Eastern Bank bought a new stake in shares of Copart in the 3rd quarter valued at $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 valued at $31,000 after acquiring an additional 280 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Copart by 283.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 575 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 425 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Copart by 477.7% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 492 shares during the period. 85.78% of the stock is owned by institutional investors.

Copart Trading Up 0.2 %

CPRT opened at $52.30 on Thursday. The company’s fifty day moving average price is $52.30 and its two-hundred day moving average price is $53.04. Copart, Inc. has a 1-year low of $42.83 and a 1-year high of $58.58. The company has a market cap of $50.38 billion, a price-to-earnings ratio of 36.83 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 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research 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.