Everpar Advisors LLC Cuts Holdings in Copart, Inc. (NASDAQ:CPRT)

Everpar Advisors LLC lessened its position in shares of Copart, Inc. (NASDAQ:CPRT) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,653 shares of the business services provider’s stock after selling 327 shares during the period. Everpar Advisors LLC’s holdings in Copart were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Copart by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 39,232,895 shares of the business services provider’s stock worth $2,272,369,000 after purchasing an additional 1,009,053 shares during the period. Capital World Investors boosted its position in shares of Copart by 1.0% in the fourth quarter. Capital World Investors now owns 21,419,398 shares of the business services provider’s stock worth $1,049,551,000 after buying an additional 207,349 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Copart by 116.1% in the first quarter. Bank of New York Mellon Corp now owns 14,808,663 shares of the business services provider’s stock valued at $857,718,000 after buying an additional 7,956,043 shares in the last quarter. Norges Bank purchased a new stake in shares of Copart during the 4th quarter valued at about $463,262,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Copart by 4.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,242,178 shares of the business services provider’s stock valued at $403,867,000 after buying an additional 370,188 shares during the period. Hedge funds and other institutional investors own 85.78% of the company’s stock.

Copart Price Performance

NASDAQ CPRT traded down $0.29 on Friday, reaching $51.31. The company had a trading volume of 3,376,348 shares, compared to its average volume of 4,477,456. Copart, Inc. has a 1 year low of $42.41 and a 1 year high of $58.58. The firm has a 50-day moving average of $52.89 and a 200-day moving average of $53.58. The firm has a market capitalization of $49.38 billion, a PE ratio of 36.13 and a beta of 1.28.

Copart (NASDAQ:CPRT) last announced its earnings results on Thursday, May 16th. The business services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. Copart had a net margin of 33.33% and a return on equity of 20.80%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side 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.