Cwm LLC Has $1.64 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Cwm LLC increased its stake in shares of Copart, Inc. (NASDAQ:CPRT) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,242 shares of the business services provider’s stock after purchasing an additional 359 shares during the quarter. Cwm LLC’s holdings in Copart were worth $1,638,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CPRT. Rise Advisors LLC acquired a new stake in shares of Copart during the 1st quarter valued at $28,000. Pinnacle Bancorp Inc. raised its holdings in shares of Copart by 79.6% during the first quarter. Pinnacle Bancorp Inc. now owns 528 shares of the business services provider’s stock worth $31,000 after acquiring an additional 234 shares in the last quarter. Versant Capital Management Inc boosted its position in Copart by 477.7% during the second quarter. Versant Capital Management Inc now owns 595 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 492 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in Copart in the first quarter valued at about $36,000. Finally, Trust Co. of Vermont purchased a new position in Copart in the fourth quarter valued at about $38,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.

Copart Stock Up 0.8 %

Shares of CPRT traded up $0.39 during midday trading on Friday, reaching $50.48. 413,117 shares of the stock were exchanged, compared to its average volume of 4,472,542. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 35.32 and a beta of 1.28. Copart, Inc. has a 12-month low of $42.41 and a 12-month high of $58.58. The firm has a 50 day simple moving average of $53.17 and a 200-day simple moving average of $53.46.

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