Navellier & Associates Inc. Has $1.08 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Navellier & Associates Inc. decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 24.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,516 shares of the business services provider’s stock after selling 6,719 shares during the quarter. Navellier & Associates Inc.’s holdings in Copart were worth $1,075,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CPRT. CreativeOne Wealth LLC bought a new stake in Copart in the first quarter valued at approximately $344,000. EP Wealth Advisors LLC boosted its position in Copart by 18.4% in the first quarter. EP Wealth Advisors LLC now owns 10,402 shares of the business services provider’s stock worth $602,000 after purchasing an additional 1,614 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Copart by 108.1% during the 1st quarter. Advisors Asset Management Inc. now owns 9,299 shares of the business services provider’s stock worth $539,000 after purchasing an additional 4,831 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in Copart by 10.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 5,322 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 507 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Copart by 2.1% in the first quarter. Toronto Dominion Bank now owns 515,872 shares of the business services provider’s stock worth $29,879,000 after buying an additional 10,814 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analyst Ratings Changes

CPRT has been the topic of a number of research analyst reports. Robert W. Baird reduced their target price on Copart from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday.

Copart Stock Performance

Copart stock opened at $56.97 on Friday. The stock has a market cap of $54.88 billion, a PE ratio of 40.98 and a beta of 1.27. The stock has a fifty day moving average of $53.54 and a 200 day moving average of $53.16. Copart, Inc. has a one year low of $46.21 and a one year high of $58.58.

Copart (NASDAQ:CPRT) last released 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Copart had a net margin of 32.17% and a return on equity of 19.55%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. As a group, sell-side analysts predict that Copart, Inc. will post 1.54 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.