Brooklyn Investment Group Has $276,000 Position in Copart, Inc. (NASDAQ:CPRT)

Brooklyn Investment Group lifted its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 19.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,271 shares of the business services provider’s stock after buying an additional 861 shares during the quarter. Brooklyn Investment Group’s holdings in Copart were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRT. Jensen Investment Management Inc. lifted its holdings in Copart by 2,466.0% during the 3rd quarter. Jensen Investment Management Inc. now owns 3,536,233 shares of the business services provider’s stock worth $185,299,000 after purchasing an additional 3,398,423 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Copart by 462.8% in the third quarter. Assenagon Asset Management S.A. now owns 3,668,696 shares of the business services provider’s stock valued at $192,240,000 after acquiring an additional 3,016,795 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in Copart during the second quarter worth about $109,382,000. Comgest Global Investors S.A.S. raised its stake in Copart by 706.6% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,586,886 shares of the business services provider’s stock worth $83,153,000 after purchasing an additional 1,390,146 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Copart in the 2nd quarter valued at about $70,307,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CPRT shares. JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. 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 report on Thursday, September 5th.

Copart Stock Performance

Copart stock opened at $63.80 on Wednesday. Copart, Inc. has a 52 week low of $46.21 and a 52 week high of $64.19. The stock has a fifty day moving average of $54.07 and a 200-day moving average of $53.24. The stock has a market capitalization of $61.46 billion, a P/E ratio of 44.93 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Copart had a return on equity of 18.96% and a net margin of 31.92%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts forecast that Copart, Inc. will post 1.55 earnings per share for the current year.

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.