Moody Lynn & Lieberson LLC Has $524,000 Stock Holdings in Copart, Inc. (NASDAQ:CPRT)

Moody Lynn & Lieberson LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 20.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,003 shares of the business services provider’s stock after buying an additional 1,689 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Copart were worth $524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRT. Nordea Investment Management AB increased its holdings in Copart by 44.1% in the 1st quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after purchasing an additional 636,438 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Copart by 40.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 37,962 shares of the business services provider’s stock worth $2,199,000 after buying an additional 10,959 shares during the period. Motco grew its holdings in Copart by 6,085.7% during the 1st quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after acquiring an additional 10,224 shares during the last quarter. Twin Tree Management LP acquired a new position in Copart in the 1st quarter valued at approximately $3,877,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Copart during the second quarter valued at $109,382,000. Institutional investors own 85.78% of the company’s stock.

Analysts Set New Price Targets

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

Copart Price Performance

Shares of CPRT stock opened at $51.38 on Friday. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The business’s 50 day simple moving average is $52.29 and its 200 day simple moving average is $53.18. The stock has a market capitalization of $49.44 billion, a PE ratio of 36.18 and a beta of 1.27.

Copart (NASDAQ:CPRT) last posted 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). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Copart had a return on equity of 19.55% and a net margin of 32.17%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, research analysts expect that Copart, Inc. will post 1.54 earnings per share for the current 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.