Swedbank AB Sells 663 Shares of Copart, Inc. (NASDAQ:CPRT)

Swedbank AB cut its stake in Copart, Inc. (NASDAQ:CPRT) by 0.1% in the third quarter, Holdings Channel reports. The institutional investor owned 666,386 shares of the business services provider’s stock after selling 663 shares during the period. Swedbank AB’s holdings in Copart were worth $34,919,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Perpetual Ltd lifted its position in Copart by 9.6% in the first quarter. Perpetual Ltd now owns 161,318 shares of the business services provider’s stock worth $9,344,000 after buying an additional 14,126 shares during the last quarter. Nordea Investment Management AB lifted its position in Copart by 44.1% in the first quarter. Nordea Investment Management AB now owns 2,078,277 shares of the business services provider’s stock worth $120,602,000 after buying an additional 636,438 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Copart by 40.6% in the first 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 last quarter. Motco lifted its position in Copart by 6,085.7% in the first quarter. Motco now owns 10,392 shares of the business services provider’s stock worth $602,000 after buying an additional 10,224 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Copart during the first quarter worth $3,877,000. 85.78% of the stock is currently owned by institutional investors.

Copart Trading Down 0.6 %

NASDAQ:CPRT opened at $54.54 on Thursday. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The company has a market cap of $52.48 billion, a price-to-earnings ratio of 38.41 and a beta of 1.27. The stock has a fifty day simple moving average of $52.09 and a 200-day simple moving average of $53.34.

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). 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 the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts predict that Copart, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

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.

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.