Principal Securities Inc. Sells 255 Shares of Copart, Inc. (NASDAQ:CPRT)

Principal Securities Inc. decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,729 shares of the business services provider’s stock after selling 255 shares during the quarter. Principal Securities Inc.’s holdings in Copart were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in shares of Copart by 3.0% in the 3rd quarter. Stephens Inc. AR now owns 27,979 shares of the business services provider’s stock worth $1,466,000 after purchasing an additional 808 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Copart by 7.4% during the third quarter. Stephens Investment Management Group LLC now owns 550,276 shares of the business services provider’s stock valued at $28,834,000 after buying an additional 37,875 shares during the period. PineStone Asset Management Inc. bought a new position in Copart in the third quarter worth about $28,411,000. United Asset Strategies Inc. lifted its holdings in Copart by 7.0% in the third quarter. United Asset Strategies Inc. now owns 20,670 shares of the business services provider’s stock worth $1,083,000 after buying an additional 1,348 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Copart by 74.7% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,644 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 703 shares in the last quarter. Institutional investors own 85.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Copart Price Performance

NASDAQ:CPRT opened at $51.49 on Friday. The firm’s 50-day moving average price is $52.26 and its 200-day moving average price is $53.01. The company has a market capitalization of $49.60 billion, a PE ratio of 37.04 and a beta of 1.27. Copart, Inc. has a 1-year low of $44.05 and a 1-year high of $58.58.

Copart (NASDAQ:CPRT) last announced its quarterly earnings data on Wednesday, September 4th. The business services provider reported $0.33 earnings per share 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 business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted $0.34 EPS. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Copart 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.