Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Marshall Financial Group LLC

Marshall Financial Group LLC boosted its position in Copart, Inc. (NASDAQ:CPRT) by 11.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 28,847 shares of the business services provider’s stock after buying an additional 2,935 shares during the period. Marshall Financial Group LLC’s holdings in Copart were worth $1,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in Copart during the first quarter worth about $28,000. Pinnacle Bancorp Inc. boosted its position in Copart by 79.6% during the 1st quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 234 shares during the period. Indiana Trust & Investment Management CO bought a new position in Copart during the 1st quarter worth $36,000. Fortitude Family Office LLC acquired a new stake in Copart in the fourth quarter worth $34,000. Finally, Trust Co. of Vermont bought a new stake in Copart in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Copart Stock Down 1.5 %

Copart stock traded down $0.80 during mid-day trading on Thursday, hitting $53.89. 2,265,871 shares of the company’s stock traded hands, compared to its average volume of 4,617,671. Copart, Inc. has a one year low of $42.41 and a one year high of $58.58. The firm has a 50 day moving average price of $54.26 and a 200 day moving average price of $52.71. The company has a market cap of $51.86 billion, a PE ratio of 37.95 and a beta of 1.27.

Copart (NASDAQ:CPRT) last issued its quarterly earnings data on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Copart had a net margin of 33.33% and a return on equity of 20.80%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. On average, analysts expect that Copart, Inc. will post 1.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on shares of Copart from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.

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.