Copart, Inc. (NASDAQ:CPRT) Holdings Raised by Wedmont Private Capital

Wedmont Private Capital grew its position in Copart, Inc. (NASDAQ:CPRT) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,330 shares of the business services provider’s stock after acquiring an additional 539 shares during the quarter. Wedmont Private Capital’s holdings in Copart were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CPRT. WASHINGTON TRUST Co boosted its position in Copart by 0.3% during the 2nd quarter. WASHINGTON TRUST Co now owns 61,852 shares of the business services provider’s stock worth $3,350,000 after acquiring an additional 200 shares during the period. D.B. Root & Company LLC boosted its stake in shares of Copart by 6.3% during the 2nd quarter. D.B. Root & Company LLC now owns 10,100 shares of the business services provider’s stock worth $547,000 after acquiring an additional 602 shares in the last quarter. Crown Oak Advisors LLC raised its holdings in Copart by 1.0% in the 2nd quarter. Crown Oak Advisors LLC now owns 157,859 shares of the business services provider’s stock valued at $8,550,000 after acquiring an additional 1,619 shares in the last quarter. Czech National Bank raised its holdings in Copart by 8.4% in the 2nd quarter. Czech National Bank now owns 166,726 shares of the business services provider’s stock valued at $9,030,000 after acquiring an additional 12,979 shares in the last quarter. Finally, JGP Wealth Management LLC raised its holdings in Copart by 6.0% in the 2nd quarter. JGP Wealth Management LLC now owns 19,420 shares of the business services provider’s stock valued at $1,052,000 after acquiring an additional 1,095 shares in the last quarter. 85.78% of the stock is currently owned by institutional investors.

Copart Price Performance

Shares of CPRT traded up $0.82 during mid-day trading on Tuesday, reaching $51.08. The company had a trading volume of 2,048,866 shares, compared to its average volume of 4,462,125. Copart, Inc. has a twelve month low of $42.41 and a twelve month high of $58.58. The company’s 50-day moving average is $53.08 and its 200-day moving average is $53.54. The company has a market capitalization of $49.15 billion, a P/E ratio of 35.61 and a beta of 1.28.

Copart (NASDAQ:CPRT) last released its quarterly earnings results 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 firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Copart had a return on equity of 20.80% and a net margin of 33.33%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, equities analysts expect that Copart, Inc. will post 1.43 EPS 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.