Ashton Thomas Securities LLC Purchases New Position in Copart, Inc. (NASDAQ:CPRT)

Ashton Thomas Securities LLC bought a new stake in Copart, Inc. (NASDAQ:CPRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 621 shares of the business services provider’s stock, valued at approximately $33,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC raised its position in Copart by 2.4% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 9,054 shares of the business services provider’s stock worth $524,000 after purchasing an additional 209 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of Copart in the first quarter worth approximately $3,877,000. Nwam LLC bought a new stake in Copart in the first quarter valued at approximately $224,000. Cumberland Partners Ltd acquired a new stake in Copart during the 1st quarter valued at approximately $434,000. Finally, Motco raised 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 purchasing an additional 10,224 shares during the last quarter. Institutional investors own 85.78% of the company’s stock.

Copart Trading Down 1.0 %

Shares of CPRT opened at $57.34 on Friday. The stock has a 50 day moving average of $52.84 and a 200 day moving average of $53.11. The company has a market capitalization of $55.24 billion, a price-to-earnings ratio of 41.25 and a beta of 1.27. Copart, Inc. has a 12 month low of $46.21 and a 12 month high of $58.58.

Copart (NASDAQ:CPRT) last issued its quarterly earnings results on Wednesday, September 4th. The business services provider reported $0.33 earnings per share (EPS) 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 company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities research analysts predict that Copart, Inc. will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their target price on shares of Copart from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th.

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.