Catalyst Capital Advisors LLC Decreases Stock Position in Copart, Inc. (NASDAQ:CPRT)

Catalyst Capital Advisors LLC lessened its position in Copart, Inc. (NASDAQ:CPRT) by 78.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,768 shares of the business services provider’s stock after selling 6,476 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Copart were worth $93,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRT. Assenagon Asset Management S.A. lifted its position 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 purchased a new position in shares of Copart in the second quarter valued at approximately $109,382,000. Price T Rowe Associates Inc. MD lifted its position in shares of Copart by 28.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,861,282 shares of the business services provider’s stock valued at $397,406,000 after acquiring an additional 1,500,466 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Copart by 43.3% in the first quarter. TD Asset Management Inc now owns 4,862,147 shares of the business services provider’s stock valued at $281,616,000 after acquiring an additional 1,469,292 shares in the last quarter. Finally, Kimelman & Baird LLC purchased a new position in shares of Copart in the second quarter valued at approximately $70,307,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Stock Performance

NASDAQ:CPRT opened at $55.44 on Thursday. Copart, Inc. has a one year low of $45.74 and a one year high of $58.58. The stock has a market cap of $53.41 billion, a PE ratio of 39.88 and a beta of 1.27. The stock has a 50 day moving average price of $52.26 and a 200 day moving average price of $52.99.

Copart (NASDAQ:CPRT) last posted its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Copart had a net margin of 32.17% and a return on equity of 19.55%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business posted $0.34 EPS. Copart’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts predict that Copart, Inc. will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price target on Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a 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.